Countries compete to weaken their currencies ONCE upon a time, nations took pride in their strong currencies, seeing them as symbols of economic and political power.
Posts Tagged weaken-their
Countries don’t like bad news about their creditworthiness WHEN the subprime crisis broke in 2007, credit-rating agencies were among the first groups to take the blame. Critics argued that investors had drawn false comfort from the AAA ratings that the agencies handed out on complex packages of mortgage-related debt. Furthermore, the raters were hamstrung by the conflicts of interest inherent in being paid by issuers to assess their bonds.
