Discover and read the best of Twitter Threads about #longarmjurisdiction
Most recents (1)
The re-start of #RMB internationalization could finally help get rid of the “#originalsin” of currencies in emerging market, said CF40 member Guo Kai, mp.weixin.qq.com/s/kCLviAhMXdx4…. 1/6
It will greatly reduce the negative impact of exchange rate fluctuations, capital flow fluctuations and “#longarmjurisdiction” in other countries. 2/6
Eichengreen and Hausmann have proposed the “original sin” of currency in 1999, arguing that because currencies of developing countries are not international, they cannot be used for external borrowing or even domestic long-term borrowing. 3/6
