Title

The Future of International Liquidity and the Role of China

Alan M. Taylor

The Future of International Liquidity and the Role of China

Financial crises in the 1930s and 1970s showed the world that economic instability results when demand for international liquidity allows a small number of countries to run up massive debts in their own currencies. Named for the economist who first described the scenario in the 1960s, this “Triffin...
Topics: 
Economy