如何避免货币战争

伯克利——

金融危机爆发已逾三年,人们可能认为类似大萧条的后果已被排除。但现在它们又回来了,而且来势比以前更汹。这次的担忧是货币战争——可能导致关税壁垒及相应的报复措施,从而重蹈上世纪30年代国际贸易体系破裂的覆辙。

担忧不无道理。上世纪30年代的经验表明,汇率摩擦甚至要比大衰退更能造成保护主义压力。

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