Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

How financial crisis fizzled a showdown on China’s currency

Posted on 10 December 2013

Was the Chinese yuan “fundamentally misaligned?” That’s the label the International Monetary Fund was on the verge of slapping on Beijing’s currency in September 2008 after a hard-fought and year-long battle led by the U.S. Treasury.
But just seven days before the IMF board meeting scheduled to tackle the highly controversial issue, the global financial crisis detonated. The Lehman Brothers bankruptcy, followed by escalating market turmoil, jettisoned any chances of success. The IMF meeting was cancelled………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031