Analysts are hitting back at claims that a currency war is emerging, while exposing risks associated with international co-ordination on exchange rate policy mooted to prevent a drift towards unilateralism.
The Institute for International Finance called for more global co-ordination on macroeconomic, trade and currency policies to address the battle developing in the currency markets. However analysts claim the preconditions for successful co-operation are not in place.
“Past attempts to co-ordin
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