Listen to Podcast PRINCETON - Currency chaos is back, highlighting demands for a revised international monetary order. The rapid decline of the dollar and the pound, but also of the renminbi - now more firmly tied to the dollar than ever - is fanning tensions. Some of the ghosts of the 1930's have returned, too - in particular, the fear of unfair trade advantages caused by competitive devaluation. United States Treasury Secretary Timothy Geithner has already accused China of currency manipulation.
The global financial crisis is reaching a bottom, and yet political frustra...
PRINCETON - Everyone now knows that we are in the worst economic crisis sin...
