Currency wars: How competitive devaluation can boost the global economy.
Two years ago, Brazilian Finance Minister Guido Mantega delighted headline writers around the world by warning that quantitative easing and other stimulative monetary policy measures risked unleashing “currency wars” upon the world. Shinzo Abe’s election in Japan and François Hollande’s worries about the risks of an overvalued euro to the French economy have restarted the drumbeats of currency war. Read the full story
