American Piggybank with Brad Setser
The ACID Capitalist Podcast
00:00
The Importance of the PBOC's Open Financial Account
The CNY has hovered around a seven for the last 30 years. That is profound and devaluation, according to Julian Zelizer. He says it's hard to know where China would be without central banking interventions. But he argues that its trade strength makes it undervalued in terms of global value.
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