The geopolitics of currencies and financeOctober 11, 2012
The International Institute for Strategic Studies recently held a conference on the geopolitical aspects of national currencies, with particular attention paid to exchange rate policies of rising and existing world powers. A key discussion point was the consideration of China’s policy of undervaluing its currency, which greatly aided its 20 year climb to economic behemoth, but which now may be undermining its position within the nascent community of other rising nations. The main site for the conference provides links to all seven papers presented at the conference. I have read only two of the papers and may write a longer post in the future after I finish them all. In the meantime, this is a good place to recommend James Rickards’ book Currency Wars, which I read a few weeks ago and have been seeking an opportunity to sneak it into my blog.