G7 leaders stop short on Asian currency action, Brad Setser notes

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Olga Shendetskaya

1 hour ago

G7 leaders stop short on Asian currency action, Brad Setser notes — G7 avoids Asian currency revaluation

Brad Setser points out that while President Macron successfully brought attention to the return of imbalances, G7 finance ministers and central bank governors did not support a coordinated revaluation of major Asian currencies as a solution.

He also notes that the IMF did not advocate for such action during these discussions.

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Setser has previously highlighted how China’s need for large-scale exports is linked to concerns about global trade imbalances. In another analysis, he outlined how U.S. multinational tax strategies through Ireland can substantially distort Eurozone external data and IMF assessments. These topics have contributed to recent discussions among policymakers on global economic coordination.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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