Schularick

Discuss the view on a major theme of Ferguson & Schularick (2011) is that the Chinese currency needs to be substantially revalued (to appreciate against the dollar).

Global Financial Markets Part 1: The term “Chimerica” has been coined to describe a world economy that has been dominated, for at least the last a couple of decades, by Chinese export-led development combined with U.S. over-consumption. The financial crisis marks the beginning of the end for the “Chimerica relationship”. Discuss this view. You should […]

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