Money is a slippery concept at the best of times. How many Big Macs is equivalent to one Tesla? Is an hour of productive labor worth more or less than a copy of Bill O’Reilly’s latest biographical tome?
Pressure on western workers from the integration of China and other emerging giants into the world economy shows no sign of abating and that protracted shock will also keep borrowing rates subdued for years to come.
By CFA Institute Contributors:
Reviewed by Michael A. Martorelli, CFA
Among investors who fear that the prevailing friction over trade imbalances will morph into outright currency war, it is common to regard the Bretton Woods years as a...
John Maynard Keynes addresses the delegation at Bretton Woods
On July 22nd 1944, finance experts who had spent the past three weeks gathered at a hotel in New Hampshire, produced two documents setting out their plan for the post-war monetary...