Monetary Matters with Jack Farley cover image

Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony

Monetary Matters with Jack Farley

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Understanding Currency Indexing and Economic Imbalances

This chapter explores the complexities of exchange rate regimes, revealing how many ostensibly floating currencies are actually indexed to the U.S. dollar. Through the lens of China's economic practices, the discussion highlights the socio-economic factors that impede necessary adjustments in wages and prices in nations with large poverty-stricken populations.

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