October 17, 2017
Meraglim Blog
China Slaps on Controls, But It Won’t Be Enough to Stop Capital Flight
As the story above on the “Impossible Trinity” notes, an open capital account is an invitation to capital flight when you have unrealistic exchange rates or interest rates. This article explains that that’s exactly what has been happening in China. The reserve position in China has crashed from over $4 trillion to about $3 trillion in the past eighteen
October 17, 2017
October 17, 2017