Posted inChina, European Union, Hong Kong, World

Should the world’s two largest currencies be so unstable?

Speaking in 2010, Dr. Robert Mundell, the Nobel Laureate and iconoclastic dean of international monetary economics, made an intriguing observation. The global economy was like a solar system, he said. And for many decades, due to the overwhelming size of American GDP, the US dollar had been like the sun, the behemoth at the center […]

%d bloggers like this: