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1. Senex Modern Monetary Theory , Economics

   I wonder if this is a step towards floating the renminbi/yuan and the rouble http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm !econ !mmt

   Thursday, 25-Nov-10 14:17:44 EST from web at Sydney, New South Wales, Australia
   • Ramanan V

     @senexx difficult for China to do that - it may have to impose protectionist measures to curb imports simultaneously.

     Friday, 26-Nov-10 00:04:45 EST
   • Senex Ramanan V

     @ramanan I was just considering they may be hedging that way

     Friday, 26-Nov-10 11:47:46 EST
   • Senex Ramanan V

     @ramanan Mosler says: What matter is what currency a nation saves in, not the numeraire for transactions.

     Saturday, 27-Nov-10 09:39:26 EST
   • Sean Carmody Modern Monetary Theory , Ramanan V

     @senexx although I'd see a link: if you use a particular currency to transact all the time and you feel it is reasonably stable, you are likely to save some of it /cc @ramanan !mmt

     Saturday, 27-Nov-10 14:02:51 EST