While it is no secret that bondholders like loan sharks will extract what they can…
How China is offering an Alternative to the IMF C. P. Chandrasekhar
The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position.
For full article Click here
(This article was originally published in The Institute for New Economic Thinking on April 15, 2021)