Sunday, November 3, 2013
Dollars Without Privilege
Imagining the Dollar Without Its Privilege - NYTimes.com
On Tuesday, Britain became the first country to sign
an agreement with China
allowing investors in London to get a license that will allow them to invest directly in shares and bonds in renminbi. It’s a long way from there to the kind of open capital market China would need for its currency to become a reserve asset. . . . (read more at link above)
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