International Monetary Review, July 2019, Vol. 6 No. 3

2019-07-25 IMI

Contents

Featured Article -My Take of China’s Economic Policy (by Nout Wellink) Monetary Policy -Exchange Rates and Monetary Policy Frameworks in Emerging Market Economies (by Agustín Carstens) -Putting the Final Piece into the New Monetary Policy Framework Timing is the Key (by Dong Jinyue and Xia Le) -Magical Monetary Theory (by John Greenwood and Steve H. Hanke) -The Disconnect Between Inflation and Employment in the New Normal (by Lael Brainard) Financial Regulation -Frameworks for the Countercyclical Capital Buffer (by Randal K Quarles) -Proportionality in Financial Regulation: Where Do We Go From Here? (by Fernando Restoy) -Financial stability post Brexit: risks from global debt (by Sir Jon Cunliffe) Global Economy -How to Ensure the Effective and Sustainable Financing of International Development (by Christine Lagarde) -Competitiveness of Europe and European Financial Markets (by Yves Mersch) -The Fall of German Banking (by David Marsh) China -The Power of China's Urban Clusters (by Andrew Sheng and Xiao Geng) -The Ever-Solid Hong Kong Dollar (by Steve H. Hanke) -Revisiting China’s Economic Slowdown (by Kotbee Shin) -Boosting Internationalisation of RMB in Times of Trade Tensions (by Herbert Poenisch) Trade Frictions -How Will the US-China Trade War End (by Andrew Sheng and Xiao Geng) -Growth Slowdown Deepened as Trade War Risk Intensified Again (by Dong Jinyue and Xia Le) -The Impact of US-China Trade Tensions (by Eugenio Cerutti, Gita Gopinath, and Adil Mohommad) -What Price for the Trade War (by Hong Hao) Belt and Road Initiative -Belt and Road Initiative: Two Key Channels to Achieving Financial Connectivity (by Christine Lagarde) -New Evaluation for Belt and Road (by Herbert Poenisch) -How African countries can play an active role in the Belt and Road Initiative (by Yandraduth Googoolye) Digital Economy -Innovation Transforms Central Banking (by Agustín Carstens) Research Report -The Ceramics of Eurasia, How export porcelain has shaped a globalized world (by Thorsten Giehler) Working Paper -China and Special Drawing Rights: Towards a Better International Monetary System (by Matthew Harrison and Xiao Geng) -China's Monetary Policy Communication: Frameworks, Impact, and Recommendations (by Michael McMahon, Alfred Schipke, and Li Xiang) International_Monetary_Review_July_2019_Vol._6_No._3

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