China’s regulation of its currency is causing tension with the United States and emerging economies around the world, including Brazil, India and other Asian nations. Expert Domenico Lombardi explains that while every nation wants to gain the greatest possible advantage for its exports, we’re not in an all-out currency war. Still, he says, currency manipulation must not be allowed to distort global markets or interfere with fair trade across the planet.
@ Brookings Podcast: Currency Manipulation and the Global Markets
February 4, 2011