Petrodollars Fueling Global Imbalances

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The world’s attention is firmly turned toward Asia when it comes to widening imbalances in global trade and investment, soaring foreign-exchange reserves and the dollar’s structural weakness.


Surpluses of so-called petrodollars are being used in ways that are having one of two polar effects on global imbalances, and neither may be conducive to their smooth adjustment.






Read the Reuters story

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