Robert Aliber says the US must get tough on China

Robert Aliber

Much of your recent work has been about bubbles in assets and currencies. Can we make any generalisations about the conditions that give rise to such bubbles?

Yes. Most of the bubbles in currencies and assets during the past 40 years have been associated with large and sustained cross-border money flows. The minimum condition for the development of a bubble in a currency is that the rate of growth of the borrowing country’s indebtedness is much higher than the interest rate. The minimum conditio

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: