tailieunhanh - The Global Financial Crisis: Analysis and Policy Implications phần 10

Đa dạng hóa dự trữ tiền tệ của Trung Quốc "làm cho một số ý nghĩa" do quy mô khổng lồ của họ, cho biết Dollar, người trước đây là giám đốc quốc gia Ngân hàng Thế giới cho Trung Quốc và Mông Cổ và được đặt tên là sứ giả Trung Quốc vào tháng Sáu. "Nó khỏe mạnh để có nhiều dự trữ loại tiền tệ khác nhau," ông nói. . | The Global Financial Crisis Analysis and Policy Implications December 22. Russia reports that industrial output growth slowed to annual growth in October then contracted by annually in November the worst monthly report since the economic collapse which followed the ruble crisis of 1998. Critical to Russia s economic slowdown is the unwillingness of Russian banks which are heavily exposed to foreign currency denominated external debt to lend. December 21. Eurostat reports that Eurozone industrial orders fell monthly in September and monthly and annually in October. December 21. Canada reports that its federal government and the province of Ontario will contribute some C 4 billion US billion to the short-term automotive rescue announced by the . administration. The United States will provide US billion in emergency loans to General Motors and Chrysler. General Motors is to receive C 3 billion of the Canadian funds while Chrysler is to receive C 1 billion. Ford declines injections. Limits on executive compensation are a requirement for funds. December 21. Zimbabwe reports its domestic debt level increased from Z 1 trillion on August 8 to Z trillion US 194 million at the current official inter-bank exchange rate on September 8. This represents a monthly increase of 17 800 . Interest payments now account for roughly 90 of total debt. December 19. President Bush announced an automotive rescue plan for General Motors Corp. and Chrysler LLC that will make billion in federal loans available almost immediately. The money will come from the 700 billion fund set aside to rescue banks and investment firms in October. The government attached several conditions to the three-year loans and set a deadline of March 31 for the automakers to prove they can restructure enough to ensure their survival or recall the loans. As part of the rescue GM is required to reduce debt by two-thirds via debt-for-equity swaps pay half of the contributions .