@GhostOnTheHalfShell @economics-that-works

#Economics #PublicFinances
#US #EU #ConvergenceCriteria

(6/n)

...hypothesis in international finance that suggests differences in nominal interest rates reflect expected changes in the spot exchange rate between countries.")*

*
https://en.m.wikipedia.org/wiki/International_Fisher_effect

Now, if you are the #ReserveCurrency of the #InternationalFinanceSystem, you can evade raising interest rates proportionally for quite some time.
This is why #China has been working for...