Alfredo Pastor: Are We In A Currency War?
Source: IESE School Of Business
The unilateral actions of individual countries to devalue their currencies in order to boost the chances of their own recovery made for strained relations at the recent G-20 summit in Seoul. Some fear that these "Competitive devaluations" are doing more harm than good for global economic recovery. Are world economies on a collision course? IESE economics professor Alfredo Pastor considers the issue of "Currency wars."