A powerful new understanding of global currency trends, including the rise of the Chinese yuanAt first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S. dollar, and perhaps someday...

Der Artikel thematisiert die Währungspolitik und den Transformationsstau in Rußland. Dabei wird zuerst auf den Finanzmarkt als Determinante des Rubelkurses eingegangen, wobei sich die lockere Geldpolitik und die Substitution von Inflation durch Schuld als negativ herausstellten. Es folgt eine...

The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China's exchange rate mechanism in 2005, following which the RMB appreciated 17% against the US dollar, but many people argue that...