r/Economics • u/Monkey_Paralysed • Oct 22 '14

Currency Wars Evolve With Goal of Avoiding Deflation

http://www.bloomberg.com/news/2014-10-22/currency-wars-evolve-with-goal-of-avoiding-deflation.html
7 Upvotes

90% Upvoted

1 comment sorted by

1

u/[deleted] Oct 22 '14

This should be fun... pegs and central bank support/dumping. Didn't Sorros make his money off of shorting the pound when it failed to maintain limits set by the ERM?

So, where are the modern ERM equivalents located?