A sole cheater can win a card game, but there will be a big brawl if everyone tries to follow his example. It is the same with currencies. The list of enthusiastic devaluers is long enough to stir up a global fight: Japan, China, the US, the UK and Korea. Brazil and others might join in, to avoid the costs of a rising currency. No wonder the Brazilian finance minister is talking about a “currency war”.
假如一局纸牌游戏中只有一位作弊者,那么作弊者会成为赢家;但假如每位玩家都试图效仿作弊者,那么结局肯定是各方大吵一架。同样的道理也适用于汇市。热衷于压低本币汇率的国家是如此之多——日本、manbetx3.0 、美国、英国和韩国——足以引爆一场manbetx app苹果 性争吵。为了避免本币升值造成的损失,巴西等国或许也会加入到这个行列中来。难怪巴西财长会谈论什么“汇率战争”。
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