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The mandate of the Fed – only the United States or the world?

USA DollarThe U.S. Federal Reserve will soon cease to print dollars , although the whole world asks her not to. Barry Eichengreen of the University of California at Berkeley wondered whether the troubled global economy the Fed at least one day per century of control ? The objective of any central bank – to strengthen the national currency and balance of payments. But if the currency – the U.S. dollar , for example – use around the world as a means of calculating the savings and capital , the central bank has to choose : either the global status , or a positive balance . Read the rest of this entry »

 
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Posted by on September 12, 2013 in Historical, Mysterious

 

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