(Bloomberg) -- The next Asian contagion may be only
a bad currency trade away.
Ten years after the collapse of Asian governments'
overvalued currencies in 1997, the remedies they embraced to
prevent a recurrence may have only traded one set of risks for
another. Their ``never again'' determination has led them to new
extremes: artificially low currencies, a record $3.4 trillion in
reserves and export-dependent economies.
Read more at Bloomberg Currencies News
a bad currency trade away.
Ten years after the collapse of Asian governments'
overvalued currencies in 1997, the remedies they embraced to
prevent a recurrence may have only traded one set of risks for
another. Their ``never again'' determination has led them to new
extremes: artificially low currencies, a record $3.4 trillion in
reserves and export-dependent economies.
Read more at Bloomberg Currencies News
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