The Chinese Foreign Exchange Policy and the Global Investment Process

Ponomarev Aleksandr V. ()
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Ponomarev Aleksandr V.: Moscow State Institute of International Relations(University) of the Ministry of Foreign Affairs of the Russian Federation

Finansovyj žhurnal — Financial Journal, 2010, issue 3, 69-78

Abstract: The article author examines the current global investment process using the approach the Austrian economic school members used. He notes that the approaches suggested for use by the Keynesian theory-oriented economists and the monetarists do not include the rationale for today’s economists’ attempt to use the government intervention as a tool for improving the situation in the global economy. The article author stresses that the Chinese factor is a key factor that forms the development trends in the world financial system and the international real sector investment process.

Keywords: Austrian school of economic thought; investments; malinvestments; China; foreign exchange policy; foreign exchange rate; saving rate; interest rate; demographic policy; spontaneous market order (search for similar items in EconPapers)
Date: 2010
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