The World's Central Banks Are At War

Financial Shock And Awe -- Financial Post

The world's central banks are at war. What does that mean for the rest of us?

In popular histories of World War I, the outbreak of hostilities is portrayed as essentially inadvertent. Rather than resulting from the struggle for dominance between a rising power and its established rivals, the war was a byproduct of a series of misunderstandings. Today, the flashpoint may be currencies rather than the Balkans, but the danger -- of misunderstanding leading to escalation and retaliation -- is fundamentally the same.

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More News On The Financial Crisis

IMF girds itself for exchange rate battle -- Financial Times
IMF head takes currency war threat 'very seriously': report -- Economic Times
New Fears of A "Currency War" -- Voice of America
Currency wars threaten global economic recovery -- BBC
Japan denies it’s in currency war as yen gallops to new 15-year high -- International Business Times
Fears of currency war grow as East-West divide deepens (Feature) -- M&C
South Korea follows Brazil, warns against FX speculation -- Business World
Currency tensions flare as Brazil, Japan take action -- Money Control
Group Calls for Agreement on Global Currencies -- Voice of America
Geithner discounts "currency wars" -- Nasdaq
In Weakness, Is There Strength? -- Barrons
The currency war goes global before the G-7 meeting -- Examiner