US stock crash would be ‘felt across the world’ – BdF deputy
Current account imbalances cannot be solved unilaterally, argues Bénassy-Quéré
A crash in the US equities market would be “felt throughout the world” and the effect would be even worse if the dollar lost its safe haven status, a deputy governor of the Banque de France (BdF) has argued.
In a speech on January 27, Agnès Bénassy-Quéré said: “Markets seem to be increasingly expressing doubts about the dollar’s resilience in the face of the Trump administration’s economic, institutional, and geopolitical choices”.
She said the brief episode last April – when the values of US
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