Senior Research Staff
China's Currency Foray Augurs Geopolitical Strains
Article | October 3, 2012
The article introduces John Williamson as "one of the foremost academics on exchange rates" and notes he argues that US exchange-rate flexibility is actually limited because the dollar is the anchor of the system. Surjit Bhalla''''s new book, Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences, is also mentioned in the article along with Bhalla’s view that China is shedding its mercantilist skin and switching its development model from exports to consumption-led growth.