'Matters Could Escalate' : Economist Raghuram Rajan Warns of Currency Conflict - SPIEGE... - 0 views
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I think this has to do with more than just currencies. It is very convenient for industrial countries to point to currency intervention as the problem, because they are not directly guilty of that. Is it any surprise that China resists an international agreement where the sole focus will be exchange rates? But industrial countries are not beyond reproach on the kind of policies they have been following in recent years. Let us remember where this crisis originated ...
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Fascinating discussion on whether the race to low interest rates (and export lead growth) is the only problem in the world macro economy
