Following the previous recommendation on Micro and Macro IA topics, I would like to introduce new topics that can well fit into Global Economy IA.
Topics commonly used in Global IA include Tariff or export subsidy which are main topics within the unit, Global Economy.
However, since last year, topics related to Foreign Exchange Market Intervention have become increasingly ‘hot’. As the global economy and related financial markets have been so turbulent recently, there are many dramas going on in the exchange rate markets all over the world.
Check out some new articles including exchange rate market intervention!
Not just the governments mentioned in the recommended articles, there are many other governments around the world which are implementing similar policies for various economic reasons and with various policies, so if you do a little Googling, it will let you find the latest and optimal Global IA articles!
A. Hong Kong Government FOREX intervention
HKMA steps up currency intervention to defend peg amid capital flight
The Hong Kong Monetary Authority intervened in the currency market for a third time this year, buying HK$7.1billion (US$905 million) and selling the equivalent amount of US currency to protect the currency peg.
B. Malaysian Government FOREX intervention
Malaysia central bank to intervene in foreign-exchange markets as ringgit losses 'excessive'
Malaysia's central bank said on Tuesday it will intervene in the foreign exchange market to stabilise the ringgit currency, citing what it called "excessive" recent losses.
C. Japanese Government FOREX intervention
Bank of Japan conducts 'check' on foreign exchange rates
Following yen's fall, move believed to be a step toward intervention in market
D. Swiss Government FOREX intervention
SNB sold $24bln in foreign currencies during 2022 in intervention U-turn
The Swiss National Bank sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies interventions last year, the central bank said in its annual report published on Tuesday, a reversal from the 21.1 billion francs bought in 2021.
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