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According to another analysis, because at the beginning of the year the won continues to US dollar exchange rate to climb, South Korea monetary authority to suppress a won excessively quickly revaluation to involve the foreign exchange market, buy-back US dollar, is also an important attribute which the foreign exchange reserve increases.
The United States Congress House of Representatives on 18th by 338 tickets to 52 ticket’s results through a bill, decided that the being established independent committee investigates the financial crisis to erupt the reason. Because the United States Congress Senate had earlier authorized this bill, therefore, bill after the House of Representatives authorizes will deliver American president the Austria Pama to sign becomes effective.
According to the bill, this independent committee will be similar 9 11 the event Investigation committee’s cross parties and groups committee, by 10 in domains and so on bank, market supervision, tax revenue, finance, economy and housing has rich experience’s public figure to be composed. Guo Degang the right and wrong mutual hatred history is very much big the bottom (group chart) The medical department pays attention to the baby early puberty The asset management company collaborates the place to make PE The petroleum 600,000,000,000 projects seek the privately operated partner Beijing sum total subsidy Public hospital loss The grain price soars partial or the present grain rushes to purchase Associates over 1,000,000,000 buys stock the divine land to rent a car micro abundant the minority rich person grain bin room does not have the influence to the poor person The committee to the American major-domos and the Federal Reserve Board’s function as well as corporate accounting the behavior, management salary arrangement and new investment tool’s domains and so on use will carry on the widespread investigation. Possibly exists cheat, credit risks rating organization function and market bear operation also row of by the investigation.
The committee will not be balanced to so-called the global deposit a series of financial rescue measure which the question and The US government adopts to carry on the investigation. It is reported that the committee will publicize holds the public hearing, and is authorized witness who requests not to be willing to act to testify. The committee the reason which will occur on the current crisis will carry on the investigation in the future 18 months, and to prevent the crisis to occur once more puts forward the proposal.
An opinion poll result which according to the Xinhua News Agency US media on 17th issued showed that although the American officials thought that the American economy already went out the decline, reached as high as 87% Americans still to believe that the country was still in the decline. Federal Reserve President this Bonake on 15th said that looking from the technical stratification plane, the American economic recession very possible already to end. However, a CNN newest opinion poll demonstrated that has 13% participants to approve Bonake this judgment; 87% participants thought that the US had still not gone out the decline. CNN opinion poll person in charge Keatinge Hollaender said that generally speaking, judgment economic recession whether to finish, the economist compared to the ordinary populace must ahead of time many.
He gave an example saying that the early-1990s’s economic recession official conclusion in 1991, but the majority Americans thought that field declined to 1993 only then finished in the second half of the year. The opinion poll also demonstrated that the only 9% participants indicated that past one year their family financial situation had the improvement; 39% participants said that the family finance continues to worsen; Other do not reveal any change.
The South Korean Central Bank -South Korea Bank on February 2 announces the data demonstrated that by the end of January, South Korea foreign exchange reserve increases to 273,690,000,000 US dollars, compares the preceding month to increase 3,700,000,000 US dollars, after last November creates historical new high again. The data demonstrated that by the end of January, in South Korea foreign exchange reserve constitution, the foreign negotiable securities which has is 238,910,000,000 US dollars, the foreign exchange deposit is 30,000,000,000 US dollars, the International Monetary Fund special money withdrawal power is 3,720,000,000 US dollars, the reserve cash is 980,000,000 US dollars, gold reserve value 80,000,000 US dollars. The South Korean Bank said that the investment yield increases is the primary cause which this country same month foreign exchange reserve increases. The South Korean Bank concerned person in charge indicated that although a euro exchange rate falls causes the partial foreign exchange reserve shrinkage, but a Japanese Yen exchange rate is strong, to a certain extent has counter-balanced this loss.
Treasury Secretary APEC appealed in the joint statement that will implement in the reflection economical fundamental plane’s market direction exchange rate environment with the price stabilization consistent monetary policy. But Treasury Secretary are not willing to fall into exchange rate difficult problem this impasse obviously, Singapore Minister Shangdaman uses the exchange rate at the press conference is not the silver bullet is the reason, under circles begins a performance reporter regarding US dollar and RMB rate unceasing questioning, returns Treasury Secretary the conference seeks for the new demand in subject. But in APEC ministers council’s intermittence, country trade ministers and so on South Korea, New Zealand indicated to reporter: In the near future US dollar will fall to its export has the influence.
World Bank President the Zoellick gram also sends out the reminder to the US large amount fiscal budget deficit question. Although Gaertner emphasizes strong trend US dollar importance once more at same day’s press conference, but the Federal Reserve announced in the near future, will maintain the policy of low interest rate for a long time, US dollar declining tendency is unable to reverse in a short time has been a foregone conclusion.
This urges the recent several month fund incessancy to flow in the economy to continue to the good Asian and Pacific area emerging market, the APEC most members to bear the brunt. is similar as a result of Chinese and other Asian country’s export products, is in the competition relations. But because the Renminbi implements observes closely US dollar policy, exchange rate actual followed US dollar depreciation, this disadvantageous other Asian country’s export, Fudan University international Associate Professor Jin Rongxi the land advance in accepts newspaper reporter time the interview analyzes. But he also pointed out that what the APEC finance conference’s this joint statement mainly aims at is US dollar, the Renminbi is not the international reserves currency, to Asian country’s export is only the indirect influence. US dollar causes the pressure which, the export to other Asian countries the standard currency revalues to suffer setbacks as well as the hot money emerges is the Asian and Pacific various economies biggest misery massively worn out.
The land advance believed that this is Treasury Secretary stated has not stressed one of withdrawal mechanism reasons. still not the bright economic prospect was only a reason, in-depth consideration or exchange rate question.The land advance said that , in US dollar will continue in the situation which weakens, once some Asian country took the lead to adopt the withdrawal mechanism, immediately suffers the standard currency to revalue, the hot money emerged attack.
3%, Eurozone will drop to 0.2%. The former Federal Reserve official cannon indicated that the Central Bank policy-makers have neglected the deflation risk, the current discussion economic stimulus measure withdrawal is misleading the market. But New York University economist Lu Bini believed that European and American Central Bank ultra low interest rate level maintenance to the middle of the next year.