WASHINGTON, DC: When he was France’s finance minister in the 1960s, former French President Valéry Giscard d’Estaing famously complained about the “exorbitant privilege” that the dollar’s position as the world...
WASHINGTON, DC: According to the International Monetary Fund’s Articles of Agreement, the Fund’s main purpose is to facilitate the balanced growth of international trade and thereby promote high levels of employment and real (inflation-...
