Unraveling the Threads of a Currency-Hedging Failure in Hong Kong

By: Francis Cianfrocca (Diary)  |  October 21st at 08:29 AM  | 

This story caught my eye because, ever since the acute financial crisis began around Labor Day, news about how China is handling it has been very sparse. And that matters a great deal, because China’s reactions to the crisis are key to understanding whether the global financial system has fundamentally changed in recent years. The question, of course, being this: has the economic dynamism of | Read More »