EPTOff-Topic General Discussion - Page 525
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Carnivorous Sheep
Baa?21244 Posts
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Zess
Adun Toridas!9144 Posts
U should feel bad | ||
AsmodeusXI
United States15536 Posts
On November 07 2013 07:04 xes wrote: After playing like 5 games this season and then elo decaying for 6 months Yango still higher than most of u tryharders. U should feel bad Don't worry, I do. | ||
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Lord Tolkien
United States12083 Posts
On November 07 2013 07:02 Carnivorous Sheep wrote: sdr = special drawing rights? Yes. I have two separate presentations on SDRs, and migration and economic security in Spain next week. I'm sure these are riveting and cutting edge topics that are thrilling you guys right now. | ||
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Carnivorous Sheep
Baa?21244 Posts
On November 07 2013 07:05 Lord Tolkien wrote: Yes. I have two separate presentations on SDRs, and migration and economic security in Spain. I'm sure these are riveting and cutting edge topics. >spain >economic security pls i think sdrs are pretty interesting actually i always wondered if the imf actually expected it to be as useless as it is now or if they actually harbored delusions of it actually becoming global reserve currency status when they first introduced it what do you do? or is this some school thing? | ||
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ticklishmusic
United States15977 Posts
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UniversalSnip
9871 Posts
On November 07 2013 07:04 xes wrote: After playing like 5 games this season and then elo decaying for 6 months Yango still higher than most of u tryharders. U should feel bad Luckily I have vry little time to play so I avoid league of legends performance anxiety with a good excuse. Hue hue, I judge you all. | ||
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GhandiEAGLE
United States20754 Posts
On November 07 2013 07:09 ticklishmusic wrote: Wait, what is Yango at? Yango somehow still at gold with 5 games played lol | ||
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wei2coolman
United States60033 Posts
On November 07 2013 07:11 GhandiEAGLE wrote: Yango somehow still at gold with 5 games played lol I'm surprised he hasn't played more due to Udyr changes, and SGU skin release." Also, just got battlecast urgot from mystery gifts. #buffurgotplz. #ketarawasrightallalong | ||
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Duvon
Sweden2360 Posts
On November 07 2013 06:39 jcarlsoniv wrote: HOW ELSE AM I GOING TO TURN HIM INTO A ROBOT?! I just watched the last half hour or so of Stepford Wives.... Scaary. | ||
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Cixah
United States11285 Posts
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Lord Tolkien
United States12083 Posts
Mostly revolving around the impact of immigration on the Spanish economy. It's a security studies class/professor. It's better than talking about societal security (because I take offense to the concept that society is somehow homogenous). i think sdrs are pretty interesting actually i always wondered if the imf actually expected it to be as useless as it is now or if they actually harbored delusions of it actually becoming global reserve currency status when they first introduced it The original proposal made by Keynes for the Bancor (a better name than SDRs tbh, ["throw them into the Bancor pit!"] but they wanted to be politically correct or somesuch) was struck down when he forwarded it at Bretton-Woods, but the SDR was far less ambitious. It was originally put forward to supplement the USD as a reserve currency given the effective crisis of the financial system of pegged rates in the late 60s, as a means to shore up failing attempts to defend the gold peg. Once the system crumbled and we entered the era of floating currencies (at least for major currencies), the role of the SDR shrank dramatically. There's been renewed interest in expanding the role of the SDR to being something other than the IMF unit of account following the 2007-2008 crisis, however, as a solution to the Triffin Dilemma which contributed to the meltdown (that is, there is inherently a conflict between domestic interests and international monetary demand when using a national currency as an international reserve; the USD can't be easily devalued to lower imports and raise exports (and monetary policy difficult), when the demand for reserves and US debt among Gulf or East Asian countries increase). | ||
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Carnivorous Sheep
Baa?21244 Posts
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Lord Tolkien
United States12083 Posts
On November 07 2013 07:34 Carnivorous Sheep wrote: cant have sdr as a reserve currency without significant incorporation of RMB at this point, and no one actually wants to do that cause no one knows how RMB is calculated That is part of the talk about expanding the role of the SDR, which is to recreate a new system of monetary and currency exchange. China and Russia are among the major countries calling for a rework of the system. As for the RMB, we actually do know how it's calculated. It's pegged, which means that the going rate is known, because the Chinese government is setting it with an intensive system of capital controls. They're probably the only country in the world whom can still realistically maintain capital controls and successfully work a peg (for a moderate-major economy, at any rate), due to the continuous influx of USD, which allows the government to simply print RMB to exchange for USD, in order to defend the peg (which, contrary to continuous talk from US politicians, probably isn't more than 5-10% different than it's "actual" market value). Since they're goal is to prevent the value of the RMB from sharply rising, merely printing RMB in the necessary quantities (and then using USD for trades) prevents both RMB from being utilized outside of China and meets its peg (if they were an import heavy country, the peg would ultimately end up being impossible to defend as national reserves dry up). This has ultimately had harmful economic consequences for China however, and is no longer sustainable in the long run as capital is moving through the cracks in the controls, and the negative consequences of the system (lots, and lots and lots of bubbles+inflation in the Chinese economy, due to investment restrictions [as soon as a new avenue of investment opens up, it bubbles due to all the surplus capital lying about]), and the Central Bank is recommending a slow movement towards floating, but it's not incalculable at all. | ||
MoonBear
Straight outta Johto18973 Posts
On November 07 2013 07:34 Carnivorous Sheep wrote: cant have sdr as a reserve currency without significant incorporation of RMB at this point, and no one actually wants to do that cause no one knows how RMB is calculated Well, there are also problems with regards to liquidity. If you were to incorporate the RMB into some measure that could act as a reserve asset then you can't have really strict capital controls because even if things work fine now, if there's an emergency things will fall apart very fast... (It's also why the recent announcement that the bilateral liquidity swap arrangements between the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank being converted into standing arrangements is pretty significant.) | ||
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Carnivorous Sheep
Baa?21244 Posts
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Nos-
Canada12016 Posts
On November 07 2013 07:09 ticklishmusic wrote: Wait, what is Yango at? I lied yango's actually silver 1 now gg | ||
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Lord Tolkien
United States12083 Posts
On November 07 2013 07:43 MoonBear wrote: Well, there are also problems with regards to liquidity. If you were to incorporate the RMB into some measure that could act as a reserve asset then you can't have really strict capital controls because even if things work fine now, if there's an emergency things will fall apart very fast... (It's also why the recent announcement that the bilateral liquidity swap arrangements between the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank being converted into standing arrangements is pretty significant.) Yep. In regards to Chinese capital controls, they're sustainable now as capital is flowing INTO the country (despite the rising inflation that it's causing), but the central government is going to start moving away from them (several central bank recommendations for this policy change). On November 07 2013 07:46 Carnivorous Sheep wrote: cant we go back to the barter system life was so much easier The barter system sucks. No u. If you ask Ron Paul though, he'll want the US to go back to the gold standard. YEAH LETS DO THAT UNILATERALLY! (sorry, I'm just incredulous that people actually thought/think its a good idea) | ||
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wei2coolman
United States60033 Posts
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Lord Tolkien
United States12083 Posts
On November 07 2013 07:49 wei2coolman wrote: We econ 101 now? Econ? Nope. International Finances and Monetary Relations? Yes. | ||
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