All Tools Will Be Used as Momentum Builds for Multilateral Framework
By JC Collins
“We will not target our exchange rates for competitive purposes.”
The G20 Communique from this weekend’s summit in Shanghai was very clear on the agreed upon multilateral approach which will be required to transition the international monetary framework to a multi-currency system. The above quote from the G20 statement is one of many straightforward approaches which is being taken by the largest economies in the world to increase global growth and address vulnerabilities.