When Currency Pegs Break, Global Dominoes Fall

February 25, 2016 0

CHARLES HUGH SMITH When a currency peg breaks, it unleashes shock waves of uncertainty and repricing that hit the global financial system like a tsunami. The U.S. dollar has risen by more than 35% against […]

World Affairs

Incorporate the yuan into the Special Drawing Rights

April 14, 2015 0

by Ariel Noyola Rodríguez China is ready to counterbalance the dominance of the dollar in the International Monetary System through the yuan. In 2009, Zhou Xiaochuan, the governor of the People’s Bank of China, called […]