Free Market
Author:
Grant M. Nülle
Online Publish Date:
to the greenback at undervalued rates. Mean currency values keep Asia’s exports competitive, supporting the rapid growth that underpins its economic success. At the fall in the dollar than what has already occurred thus far. The downside of this policy is that as Asian central banks purchase dollars and dollar-denominated debt the last leg out from under the dollar? Besides incurring a diminution in export competitiveness, the latter option threatens to wipe billions of dollars off Asian