Tag archive for ‘Reserve currency’
Professor Barry Eichengreen On Friday, September 11th, 2015

Berkeley Economics and Political Science Prof. Barry Eichengreen: China’s Forex Follies

BERKELEY – On August 11, China devalued its currency by 2% and modestly reformed its exchange-rate system. This was no earth-shattering event, but financial markets responded as if a meteorite had struck More...

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