Discover and read the best of Twitter Threads about #eichengreen
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History shows that the reserve #currency issuer must strike a balance between sufficient international liquidity and stable money value，said CF40 member Guo Kai, mp.weixin.qq.com/s/kCLviAhMXdx4… 1/8
After the #dollar was decoupled from gold, the stability of the international monetary system has been more dependent on the #Fed’s monetary policy, which is inherently unstable, the #internationalfinancialcrisis that erupted in 2008 profoundly reflected the shortcoming. 2/8
After the crisis, the long-term implementation of easy monetary policy and its exit in developed economies has intensified the financial market volatility and the disorderly fluctuation risk of cross-border capital in emerging markets and #developingeconomies. 3/8
