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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