You limited your search to:

 Decade: 2000-2009
 Collection: Congressional Research Service Reports
China and the Global Financial Crisis: Implications for the United States

China and the Global Financial Crisis: Implications for the United States

Date: November 17, 2008
Creator: Morrison, Wayne M.
Description: Over the past several years, China has enjoyed one of the world's fastest growing economies and has been a major contributor to world economic growth. However, the current global financial crisis threatens to slow China's economy. China is a major economic power and holds huge amounts of foreign exchange reserves, and thus it could play a major role in responding to the current crisis. For example, in an effort to help stabilize the U.S. economy, China might boost its holdings of U.S. Treasury securities, which would help fund the Federal Government's purchases of troubled U.S. assets. However, this could raise a number of issues and concerns for U.S. policymakers.
Contributing Partner: UNT Libraries Government Documents Department
The Cost of Government Financial Interventions, Past and Present

The Cost of Government Financial Interventions, Past and Present

Date: September 23, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The results of previous government financial interventions are summarized in this report.
Contributing Partner: UNT Libraries Government Documents Department
Fannie Mae and Freddie Mac in Conservatorship

Fannie Mae and Freddie Mac in Conservatorship

Date: September 15, 2008
Creator: Jickling, Mark
Description: On September 7, 2008, the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that play a critical play in the U.S. home mortgage market, in conservatorship. As conservator, the FHFA has full powers to control the assets and operation of the firms. Dividends to common and preferred shareholders are suspended, but the U.S. Treasury has put in place a set of financing agreements to ensure that the GSEs continue to meet their obligations to holders of bonds that they have issued or guaranteed. This means that the U.S. taxpayer now stands behind about $5 trillion of GSE debt. This report provides basic information on the GSEs, the government intervention, and the potential cost to the taxpayer.
Contributing Partner: UNT Libraries Government Documents Department
U.S. Foreign Aid to the Palestinians

U.S. Foreign Aid to the Palestinians

Date: October 15, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The results of previous government financial interventions are summarized in this report.
Contributing Partner: UNT Libraries Government Documents Department
The Multilateral Debt Relief Initiative

The Multilateral Debt Relief Initiative

Date: April 1, 2008
Creator: Weiss, Martin A.
Description: In Juen 2005, G8 finance ministers proposed the new Multilateral Debt Relief Initiative (MDRI). The MDRI proposes to cancel debts of some of the world's poorest countries owed to the International Monetary Fund, World Bank, and African Development Bank. This report discusses MDRI's implementation and raises some issues regarding debt relief's effectiveness as a form of foreign assistance for possible congressional consideration.
Contributing Partner: UNT Libraries Government Documents Department
China's Currency Peg: A Summary of the Economic Issues

China's Currency Peg: A Summary of the Economic Issues

Date: April 25, 2005
Creator: Morrison, Wayne M & Labonte, Marc
Description: This report evaluates that assertion, and considers other effects China’s peg has on the U.S. economy. These include the beneficial effects on consumption, interest rates, and investment spending. Nationwide, these effects should offset job loss in the trade sector, at least in the medium term. Several bills have been introduced in the 109th Congress to address China’s currency policy, including H.R. 1216, H.R. 1498, H.R. 1575, S. 14, S. 295, S. 377, and S. 593; some would impose trade sanctions against China unless it accepted a market-based system of currency valuation.
Contributing Partner: UNT Libraries Government Documents Department
China's Currency: A Summary of the Economic Issues

China's Currency: A Summary of the Economic Issues

Date: March 17, 2006
Creator: Morrison, Wayne M & Labonte, Marc
Description: This report explores various aspects of the Chinese economy, including specific policies that some Members of Congress consider a form of currency manipulation, the U.S.-China economic relationship, and the state of the Chinese economy with respect to the current global economic crisis.
Contributing Partner: UNT Libraries Government Documents Department
The Streamlined Sales and Use Tax Agreement: A Brief Description

The Streamlined Sales and Use Tax Agreement: A Brief Description

Date: February 22, 2006
Creator: Maguire, Steven
Description: None
Contributing Partner: UNT Libraries Government Documents Department
France: Factors Shaping Foreign Policy, and Issues in U.S.-French Relations

France: Factors Shaping Foreign Policy, and Issues in U.S.-French Relations

Date: January 10, 2005
Creator: Gallis, Paul E
Description: None
Contributing Partner: UNT Libraries Government Documents Department
China, the United States and the IMF: Negotiating Exchange Rate Adjustment

China, the United States and the IMF: Negotiating Exchange Rate Adjustment

Date: March 13, 2006
Creator: Sanford, Jonathan E
Description: In recent years, the United States and other countries have expressed considerable concern that China’s national currency (the yuan or renminbi) is seriously undervalued. Some analysts say the yuan needs to rise by as much as 40% in order to reflect its equilibrium value. Critics say that China’s undervalued currency provides it with an unfair trade advantage that has seriously injured the manufacturing sector in the United States. Chinese officials counter that they have not pegged the yuan to the dollar in order to gain trade advantages. Rather, they say the fixed rate promotes economic stability that is vital for the functioning of its domestic economy.
Contributing Partner: UNT Libraries Government Documents Department