Tuesday, March 29, 2011
Gay Cruising In Disneyworld
Sunday, March 27, 2011
Lymphoma Protein In Blood
Sunday, March 20, 2011
Why Do My Eyes Have A Blue Outer Ring
Friday, March 18, 2011
Blazer Logo In The Shape Of Oregon
If a country has an earthquake, risks of a sharp economic deterioration, a common scenario - the flight of capital, intensified the demand for dollars, euros, etc., falling local currency, the flash inflation, the crisis of banks, etc. In Japan - all the way around. Strengthening yen, from 11 to 18 March by 4,8% against the U.S. dollar. Yen "vertically" went up. Reasons? Firstly, This rise reinforced the long-term trend. For four years (March 18, 2007 - March 18, 2011). Potyazhelela yen a third against the U.S. dollar (strengthened by 33%). Secondly, in Japan - a very strong international investment position (investments abroad almost twice the funds raised). This is a country - Exporter capital. Therefore, "capital flight", "sudden stop non-residents investments" - all the things that cause financial turmoil in Russia and other developing countries - does not play such a role. Bank of Japan to keep the situation, announced March 14 on the transfer of additional liquidity in circulation, the broad money support of financial institutions by buying their assets - government and corporate bonds, mutual funds. The limits of this program ransom had been raised in the 8-fold - from 5 to 40 trillion. yen (about U.S. $ 500 billion). Presumably, to obtain cash for liquidity support, without resorting to the issue, the Bank Japan began to sell its assets in foreign currency (dollar, euro, etc.). Or borrow yen. Consequence - increase in demand for the yen and, hence, its gain. Any fluctuations in the rates of key currencies (and the yen - one of them) are threatening global financial upheaval. It is therefore understandable attempt to counter other central Banks G-7 to smooth out these spikes. Their possible actions - selling the yen and its assets denominated in it, and, therefore, downward pressure on the currency, against the market forces pushing it up. It is not clear whether enough material market in the assets of the central banks of developed countries to implement intervention. In the structure of their foreign exchange reserves yen is only 5% (about $ 130 billion in autumn 2010). Can be calculated - the effect of statements of intent. Or on a coordinated central bank play a fall in the markets of foreign exchange derivatives that do not require cash reserves of the yen, but it can significantly influence its course.
Japan's share in Russian exports - 3.1% in import - 3,7%, the accumulated foreign investments - 3,2%. Not higher than the share of yen in assets and liabilities Russian banks. Therefore, fluctuations in the yen will not have significant influence on the ruble. A different matter if economic and financial situation in Japan will deteriorate and will - according to the rule trigger - crisis response, addressed to global finance.
Tuesday, March 8, 2011
Barbecue Grill Clipart
Saturday, March 5, 2011
Non Tender Swollen Lymph Nodes
Russian economy and its financial sector - one of the most volatile in the world. The reasons for this - in my book, due out in April ("The financial future of Russia: the extremes, booms, system risks ").
example.
known thesis about how the accumulation of international reserves, the National Welfare Fund and Reserve Fund ("safety cushion") saved the Russian economy in crisis 2008 - 2009 years.
not saved. Everything was absolutely the opposite.
by a representative group of the largest (and most developed) economies in the world, which is monitoring the magazine «Economist», no one country do not fall capitalization and so is not falling down the exchange rate, as in Russia (Table 1). The most profound was the decline in GDP. The most high - inflation (excluding Venezuela). In the most reduced international reserves. The largest loss of accumulated foreign direct and portfolio investment. One of the highest per cent (Table 1). Will be shown below that in Russia crisis passed through the deepest drop in the money supply, unusual for other countries, who at that time built up its liquidity. "Airbags" (High international reserves and reserve funds, budget surplus, a healthy balance of trade) have not saved from being Russia's financial system showed the worst financial crisis dynamics during 2008 - 2009 years. in comparison with other major countries.
Table 1. The behavior of the financial systems of countries world in crisis in 2008
a «color-drenched" quadrants of the table refer to the countries, the indicators which showed the worst values \u200b\u200bamong the other countries in the period of market shocks, fall 2009 - winter 2010
* Stocks - according to the magazine "Economist", 2009, 3 January, in U.S. dollars exchange rate change - February 2009 to the end of 2007, according to the IMF International Financial Statisitics; change in GDP at constant prices (national currency), inflation (consumer price index, the annual average) - IMF World Economic Outlook Database. Data on changes in international reserves - IMF COFER Database, including Norway - for November 2008, the euro area - by the Eurosystem (the state - members of the eurozone and the European the central bank)
Table 1. The behavior of the financial systems of countries in crisis in 2008 (continued)

* Percentage (Lending Rate, Corporations, Stocks, up to 1 - 2 years), the change of accumulated direct and portfolio investment in the economy - IMF International Financial Statistics