General Re-New England Asset Management, a unit of Warren Buffett’s Berkshire Hathaway Inc., said Federal Reserve policies that lifted stocks have also introduced systemic risks that could cause shares to tumble.
The dollar will reverse recent gains versus the euro and the yen in coming months as the Federal Reserve pares monetary stimulus at a slower pace than the market expects, Bank of New York Mellon Corp. said.
Russia joined China in warning that countries may intensify their search for alternative reserve currencies as the U.S. struggles to avert non-payment on Treasury bonds, with Sweden bracing itself for a default.
China Politburo member Yu Zhengsheng said the Communist Party would consider “unprecedented” economic reforms next month, as a top research agency proposed changes to rural land ownership rules and social security.
The following is a reformatted version of International Monetary Fund staff research released today assessing the real effective exchange-rate, or REER, valuations of 28 countries and the euro area, their currency interventions and reserves. The assessments were made in a report dated June 20 and titled “2013 Pilot External Sector Report -- Individual Economy Assessments.” Click here to find the full report.