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Cloud Y

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Independent Journalist and Editor of EconReporter, responsible most of the writings and editing on this website. If you think our articles or the website needs any improvements, please feel free to leave a comment or tweet to let me know.

Coronavirus crisis putting strains on US banks: Fed’s Financial Stability Report

Federal Reserve warned that the coronavirus pandemic could impose losses on the US banks and put pressure on their finance, in its semi-annual Financial Stability Report published on Friday.

How to benefit from others’ QE — Hong Kong Linked Exchange Rate’s lesson

What if I tell you, behind the boring news headline, there is actually a wonkish story about how the Hong Kong central bank took advantage of the monetary easing by the Fed in the last 12 year and created a new set of policy options that it can now use to actively mange the inflows created by the new round Fed easing under the Great Lockdown.

How to use the Fed’s FIMA Repo — the case of Hong Kong

Hong Kong Monetary Authority, the de facto central bank of Hong Kong, announced on April 22 that it will utilize the Fed's FIMA Repo facility to borrow USD 10 billion of cash.

The G7 statement on coronavirus

The G7 finance ministers and central bankers held a call to discuss the coronavirus, but the statement doesn't provide any surprise to investors.

ECB on impact of Coronavirus (March 2)

Luis de Guindos, vice president of the European Central Bank, depicted the coronavirus as an additional " layer of uncertainty to global and euro area growth prospects,"

Helicopter Money is here in Hong Kong? Well…

“The money helicopter has arrived,” Claire Jones writes in her FT Alphaville post, citing Hong Kong Finance Secretary’s announcement of a handout of HKD...

Macroprudential Policy – how does it differ from rate hikes?

Macroprudential policies, it is argued, are more targeted and can complement central bank’s use of interest rate policy.

How firms set their prices in eurozone?

ECB recently conducted a survey asking 58 leading non-financial companies that operate across the euro area in eurozone their price-setting behaviors, the results provide a helpful dataset for macroeconomists’ use.

Akerlof on Keynesian-neoclassical synthesis’s departure from Keynes

George Akerlof explains how the Keynesian- neoclassical synthesis dominated the field, and what problems this dominance resulted.

Financial Markets Face Fresh Wave of Political Uncertainty… generated by one Hong Kong Newspaper?

In recent months, the Global Economic Policy Uncertainty index has risen to a level much higher than periods around the 911 Terrorist Attack or the 2008 Financial Crisis, hence the conclusion that the economic policy is unprecedently uncertain now.But here is why you might not have to worry.