Scene 4: How Chinese Savers Contributed to the Crisis?

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In this podcast, I talk about how Chinese savings played a role in the current economic crisis.   I also go into a little detail about some global imbalances and talk about a theory that would be useful to understanding what went wrong: the global savings glut.

In this second part of the podcast, I explain how the fixed exchange rate with the Chinese Yuan had an affect on the trade relationship between China and the United States.

Works Cited


One Response

  1. Why are the uneducated American politicians fighting against themselves while the new-comer Chinese are smiling to the bank and prosperity?

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