Sunday, September 13, 2009

Five New Trends in Monetary Economics

Harvard's Jeff Frankel has an excellent piece on his blog about current trends in international monetary economics. His list is:
  • The G20's replacing the G7
  • Countries are moving away from either fixed or floating exchange rates toward more intermediate regimes
  • Countries (i.e. China) are getting more credit for accumulating reserves, even if they have to use "unfair manipulation" to do it
  • Export price targeting will replace inflation targeting for central banks
  • The dollar being the world's reserve currency is being replaced by a multiple currency system
Definitely read the whole piece.

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