Comment: China points way to wider reform

Robert Pringle, editor of Central Banking, explains why China's recent moves underline the need for a wider reform of world money (extracts from an interview with the German newspaper, Handelsblatt published on 11 August).

COMMENT BY CENTRALBANKNET

Even after China reformed its exchange rate regime there is little hope that the global imbalances will be reduced. Should we be worried?

Certainly, China's move has not changed things very much. In fact it could make the imbalances you mention even

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