His approach to weakening it could spell the end of the US dollar’s reign as the dominant international currency COMMENT | JEFFREY FRANKEL | In 1985, U.S. officials met with their counterparts from the other G5 countries at New York City’s Plaza Hotel to negotiate a coordinated intervention to bring down …
Read More »Debt Restructuring for Commodity Exporters
Even if they manage to convince their creditors to restructure their debts, commodity-exporting debtor countries are still vulnerable to sudden price fluctuations COMMENT | Jeffrey Frankel | The world is in the midst of a debt crisis. A recent report estimates that 61 emerging-market and developing economies nearly one-third of the International …
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