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According to Bowring: G20 Illusions
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According to Bowring: G20 Illusions

Philip Bowring's avatar
Philip Bowring
Oct 25, 2010
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According to Bowring: G20 Illusions
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The claim of the G20 finance ministers and central bankers to have put an end to the threat of a currency war is pure illusion. Yes, they have all agreed on the merits of market-determined exchange rates and to not engage in competitive devaluations, but without benchmarks and definitions that is meaningless.

In one respect it is worse than meaningless i…

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