Roach: Currency Fix Won't Fix Global Imbalances
Using currencies to fix the imbalances within the global economy is not going to help, Stephen Roach, non-executive chairman, Asia of Morgan Stanley told CNBC on Wednesday.
"I'm not a big fan of the currency fix to global imbalances," Roach said. "(To think) the Chinese renminbi can address all the world's multilateral problems is absolutely ludicrous."
Posted on November 10, 2010
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