3min chapter

The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

CHAPTER

Central Banks - Are They More Coordinated Than They Used to Be?

Central Banks worldwide. Are they more coordinated or are they more antagonistic toward one another? And has that changed over time? So I think historically, if you recall, we've had something like 2 Plaza Accord before where everyone gets together and tries to manage the system. An easy way to see this is what's happening with a dollar right now. The Federal Reserve is trying to tame inflation in the US by raising interest rates and strengthening the dollar. That lowers inflation in the United States. However, it raises inflation for everyone else.

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