Major economies already engaging in ‘currency wars’ – former IMF chief

De Larosière floats new commodity-based exchange rate regime

Jacques de Larosière
Jacques de Larosière, a former managing director of the International Monetary Fund

Major economic blocs, such as the US, European Union, China and Japan, have engaged in ‘currency wars’ for a number of years, which now risk spiralling into ever more disruptive “beggar-thy-neighbour” policies, according to Jacques de Larosière, a former managing director of the International Monetary Fund.

888电影网De Larosière, who previously was also a former governor of Banque de France, said the international monetary “anti-system” needed to be fixed, ideally by creating a new commodity-linked

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

888电影网You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

888电影网Alternatively you can request an indvidual account here: