Who Wins and Loses from Reserve Accumulation?
Intro: To accumulate foreign reserves, central banks must buy dollars, weakening the value of their currency to the benefit of foreign importers. While there is no doubt that such measures by trade surplus countries such as China have undermined low-end manufacturing in deficit countries such as the US, this has been more than offset by … Continue reading Who Wins and Loses from Reserve Accumulation?
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed