The idea of a "gold standard" monetary system is pretty simple -- the currency's value is fixed to gold. This is really no different than the dozens of "euro standards" and "dollar standards" already ...

Reforms do not necessarily mean free-floating yuan, says PBOC chief Central bank chief Zhou Xiaochuan said on Monday that the country's goal to achieve the yuan's capital account convertibility ...

IN the past two years the financial strength of the free nations of the world has grown remarkably. Europe is now strong enough for the biggest and riskiest financial step since the end of World War ...

Economic liberalisation set in motion by the Narasimham Committee’s recommendations in 1991 put India on the path to opening its previously closed economy. Within five years, the country had moved to ...

A robust external profile has enabled increasing levels of convertibility in both current and capital accounts of India’s transactions with the world. Moreover, the country today boasts strong forex ...

The latest battleground between the pro-reformers and the left parties is the issue of convertibility of the rupee on the capital account. Some time ago, the prime minister raised the topic of capital ...

In May 2003, Russian President Vladimir Putin announced that the Russian ruble would be made fully convertible by the end of the decade. Over the next year, he steadily moved up the target date for ...

Zhou Xiaochuan, the governor of the People's Bank of China, at a conference last December. The governor of the central bank outlines thoughts on thorny issue BEIJING - China won't refuse to make its ...

Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. This is a major step forward. Thought leaders are abandoning "old monetarism ...

The City of Moscow’s Sergei Pakhomov hopes that full rouble convertibility will offer a way around restrictive legislation that governs municipal issuance in Russia. Demand for the City of Moscow’s ...