Monday, January 23, 2017

Lara Merling — Germany Does Have Unfair Trade Advantages

While China is commonly accused of currency manipulation to provide cheap exports, the IMF has recently decided the renminbi (RMB) is no longer undervalued and added it in its reserve currency basket, along with other major currencies. However, an IMF analysis of Germany’s currency found “an undervaluation of 5-15 percent” for the Euro in the case of Germany. Thus for Germany, the Euro has a significantly lower value than a solely German currency would have....
The Minskys
Germany Does Have Unfair Trade Advantages
Lara Merling

No comments: