c**i
发帖数: 6973 | 1 John Plender, Don't assume the euro will displace the dollar. Financial
Times, Sept. 24, 2008.
http://www.ft.com/cms/s/0/ebd84490-89d0-11dd-8371-0000779fd18c.html?nclick_check=1
(1) The paragraph about Taiwan:
"The first reason * * * is that the dollar's status is not purely about
economics. For many countries security considerations are paramount. It
seems inconceivable that Japan, Korea, Taiwan or Saudi Arabia would wish to
junk the dollar given their current security relationships with the US | c**i
发帖数: 6973 | 2 About the last quote.
Although I studied economy on the side, I could not figure out why inflation
in China, causing reminbi to lose value, will affect mostly dollar-
denominated foreign reserve of China.
Then I figured it all out.
You see, if one buys a stock and the stock sinks, as long as he does ot sell
the stock, the loss is on paper only. The same applies to foreign reserve.
As long as a nation keeps the dollars in the foreign reserve, that nation
will suffer loss from inflation in UNITED |
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