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The Spectre of Competitive Devaluations
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The Spectre of Competitive Devaluations

Philip Bowring's avatar
Philip Bowring
Dec 26, 2008
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Asia Sentinel
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The Spectre of Competitive Devaluations
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Could China lead Asia and the world into a currency-driven spiral of protectionism? That may seem an extreme notion at a time when some Asian countries, not least Indonesia, are worried about their currency falling too far against the US dollar, in the process generating inflation and raising concerns about financial sector stability.

But no less an auth…

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