The Global Effect of the U.S. Dollar
Jan 29th, 2008 | By Adrian Ash | Category: Currencies, Macro Economics
From Credit to Money, Part I
“Wouldn’t life be much simpler for everyone if the U.S. raised interest rates and didn’t spend more than it had overseas?”
ONE U.S. DOLLAR USED TO BUY NEARLY four Brazilian reals at the start of 2003.
Today, it buys fewer than half as many. Which you might ...read more
