Report
Peter Warburton

Dog days for small country currencies

These are perilous times for those smaller nations that have clung to their sovereignty and insisted on the retention of a separate currency. The broad context is that the prevailing US-centric world order is being shaken up and countries are jostling for position in the emerging world order. While the G20 nations continue to gather for annual summits, the sense of communal purpose that arose out of the global financial crisis has evaporated. Multilateral trade deals have been replaced by regional trade agreements, but even these are  vulnerable to vetoes and unilateral withdrawals. It is truly every nation for itself. 

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Economic Perspectives
Economic Perspectives

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Analysts
Peter Warburton

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