Stanford Economist: China Caught in Currency Trap

June 13, 2014
Stanford economist Ronald McKinnon argues that China is caught in a currency trap because of its own savings surplus, the U.S. fiscal deficit and near-zero interest rates on dollar assets. As a result, China cannot at this time move toward a more market-driven economy with liberalized interest rates and private banking.
Previous Article
IDTechEx Free Webinar to Discuss Graphene Markets

Graphene markets will grow from approximately $20 million in 2014 to more...

Next Article
MTO to Develop Next-generation Microsystems

Since its inception in 1992, DARPA'S Microsystems Technology Office (MTO)...