The next currency crisis

Many countries have pegged their currencies to the dollar. If interest rates rise now, there is a risk of conflict.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.netwww.faz.net (in German only).