US Treasury’s Vietnam problem, Economic and monetary union and the role of the ECB
Friday 28 August 2020 – Vol.11 Ed.35.5
Commentary: US Treasury’s Vietnam problem
By Mark Sobel in Washington
In a little noticed countervailing duty case involving Vietnamese tyres, the US Treasury may have set off tremors for the international monetary system, concluding for the first time that currency undervaluation potentially warrants a Commerce Department subsidy finding. Its action raises nettlesome questions on three counts – the model, Vietnam’s circumstances, and international financial considerations. The decision could ultimately harm multilateralism.
Read the full commentary on the website.
Meeting: Monetary union and the role of the ECB
Monday 7 September, 15:00-16:00 BST
Panellists discuss whether the European Central Bank, in the 22 years since it was established, has met its goals and those of economic and monetary union. They assess whether the ECB and EMU are departing from their founding principles. Speakers also look at what further political and fiscal action is needed to complete monetary union, and whether this can be achieved in the next three to five years.
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