Explained: Currency wars
Monday, November 15, 2010 - 09:00
in Mathematics & Economics
This months G-20 meeting of industrialized countries was rife with talk of potential "currency wars," in which states try to devalue their currencies to help their economies. While a central tension is the United States unhappiness with Chinas undervalued yuan, the issue is really hydra-headed: One countrys actions can create many reactions globally.