Former Minneapolis Fed Governor writes that "currency union" breakup must be managed
The Chinese yuan is the world’s most important currency, at least for financial markets. Since the turmoil in August, it has constantly been in focus. It draws the ire of confused politicians and is seen by all sides as a panacea.
Kocherlakota: US and China need to accept the inevitable and plan accordingly
ByAdam Button
Mar 14, 2016