Comments on: Dollar Imperialism, 2015 Edition: Our Currency, Your Problem – OpEd /2015/03/09/dollar-imperialism-2015-edition-our-currency-your-problem-oped/ Dedicated to EM Investing Wed, 02 Mar 2016 03:58:42 +0000 hourly 1 http://wordpress.com/ By: Luca Grande /2015/03/09/dollar-imperialism-2015-edition-our-currency-your-problem-oped/comment-page-1/#comment-5224 Wed, 11 Mar 2015 09:14:20 +0000 /?p=7185#comment-5224 I agree that the World dependance on the dollar is a problem but you have to admit that this is not always imposed by the US but rather a consequence of the importance of the US economy on world trade, whether you like it or not. It is not the FED’s fault if when they lower interest rates, corporates in emerging markets issue dollar denominated debt, they choose to do so because EM capital markets are not developed enough and because their wealth often depends on exports to the US and because they think it’s cheaper than issuing in their own currency. What did they borrow this money for? If after 6 years of cheap dollars a corporation or a country suffers severe losses from a quarter point intrerest rate rise you really can’t blame the US.

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