http://www.weforum.org/ 28.01.2011
WHAT IF: competitive devaluation
becomes the global norm?
From the fate of the Eurozone to the future of US-China relations, there is concern that currency devaluations will radically alter the status quo.
In partnership with the World Economic Forum, Bloomberg Television hosts this debate on the effect of currency wars erupting around the world.
- Mark J. Carney, Governor of the Bank of Canada; Banking & Capital Markets Industry Agenda Council
- Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University, and William Ziegler Professor, Harvard Business School, USA
- Stanley Fischer, Governor of the Central Bank of Israel; Global Agenda Council on Fiscal Crises
- Brian T. Moynihan, Chief Executive Officer and President, Bank of America, USA
- Jacek Rostowski, Minister of Finance of Poland
- Mehmet Simsek, Minister of Finance of Turkey
Moderated by:
- Francine Lacqua, Anchor 'On the Move' and Senior Correspondent, Bloomberg TV, United Kingdom
thank you so much for this! Thx WorldEconomicforum
I thought it was interesting that the ratio between currencies is coming closer to eachother because everyone is trying to devalue.
Why dont the chinese want to switch to a stronger currency? Wouldnt doing that boost their consumption and help their economy? Sure they would loose on exports a bit, but the Chinese are someday going to be less of a primary and secondary producer of goods and more of a Quaternary and tertiary producer.
mini1gerbel 8 months ago