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A country's domestic political system helps determine whether it undervalues its exchange rate and experiences explosive economic growth or if it overvalues its exchange rate and sees its economy stagnate as a result.
United States trade with China carries political freight, especially as it relates to its exchange rate.
This means that it must either peg its exchange rate, or at least manage it strongly.
He has already told the Obama administration what it can do with its exchange.
It could, for example, let its exchange rate crawl upwards to curb inflation, as Singapore does.
It cut its deficit, stabilized its exchange rate and brought down its inflation to German levels.
Today, it has suspended trading, closed its exchange and filed for bankruptcy protection.
It cant adjust by having its exchange rate fall.
Similar(3)
UnitedHealth wants to raise premiums for its exchange plans in New York 45.6%.
Beijing rejects the accusation that its exchange-rate policy has given it an unfair advantage.
One is the rigidity of its exchange-rate peg, and the strength of the dollar.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com