The scent of war is in the air. Currency war, to be sure, but the consequences for the global economy could still be dire. After a series of interventions aimed at holding down the value of domestic currencies, policymakers have expressed fears of a dangerous race to the bottom in exchange rate policy. The threat should not be taken lightly.
战争的气味弥漫在空气中。应该指出，我们说的是“汇率战争”；但对manbetx app苹果 manbetx20客户端下载 来说，这一“战争”的后果仍可能极其严重。在多个国家采取一系列旨在压低本币价值的干预行动后，政策制定者们对汇率政策上一场危险的“逐底竞争”表示忧虑。我们对这一威胁不能掉以轻心。
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