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 Decade: 2010-2019
 Year: 2010
 Collection: Congressional Research Service Reports
Currency Manipulation: The IMF and WTO

Currency Manipulation: The IMF and WTO

Date: September 27, 2010
Creator: Sanford, Jonathan E.
Description: This report describes how the International Monetary Fund (IMF) and World Trade Organization (WTO) deal with the issue of currency manipulation. It also discusses apparent discrepancies in their charters and ways those differences might be addressed.
Contributing Partner: UNT Libraries Government Documents Department
Argentina's Defaulted Sovereign Debt: Dealing with the "Holdouts"

Argentina's Defaulted Sovereign Debt: Dealing with the "Holdouts"

Date: September 24, 2010
Creator: Hornbeck, J. F.
Description: In December 2001, following an extended period of economic and political instability, Argentina suffered a severe financial crisis, leading to the largest default on sovereign debt in history. This report discusses efforts Argentina has made over the past decade, since that financial crisis, to restructure its debt. The report also includes discussion of the Argentine 2010 Bond Exchange and an outlook of Argentina's economic future.
Contributing Partner: UNT Libraries Government Documents Department
The Status of the Basel III Capital Adequacy Accord

The Status of the Basel III Capital Adequacy Accord

Date: October 28, 2010
Creator: Eubanks, Walter W.
Description: The new Basel Capital Adequacy Accord (Basel III) is an agreement among countries' central banks and bank supervisory authorities on the amount of capital banks must hold as a cushion against losses and insolvency. Basel III is of concern to Congress mainly because it could put U.S. financial institutions at a competitive disadvantage in world financial markets. This report follows the basic elements of the Basel III documents on the types of capital requirements and their phase-in schedule, which were approved by the Basel member central bank governors on September 12, 2010. The elements are the new definition of Tier 1 capital, the minimum common equity capital, the capital conservation buffer, countercyclical capital buffer, liquidity coverage ratio, global leverage ratio, and wind-down government capital injections. The report concludes with some implications drawn from its content.
Contributing Partner: UNT Libraries Government Documents Department
China's Sovereign Wealth Fund: Developments and Policy Implications

China's Sovereign Wealth Fund: Developments and Policy Implications

Date: September 23, 2010
Creator: Martin, Michael F.
Description: China's ruling executive body, the State Council, established the China Investment Corporation (CIC), a sovereign wealth fund, in September 2007 to invest $200 billion of China's then $1.4 trillion in foreign exchange reserves. Congress and financial analysts raised concerns about the CIC after its creation, partly because it was a comparatively large sovereign wealth fund, partly because it was government-owned, and partly because it reported directly to the State Council. These concerns raise question about U.S. policies on inward foreign direct investment (FDI) and the global competitiveness of U.S. financial institutions. Certain commentators suggest that more should be done to protect the United States from China's rising role in international capital markets.
Contributing Partner: UNT Libraries Government Documents Department