Global Insurer During Crises

http://www.bloomberg.com/news/2013-03-28/proving-greenspan-wrong-shows-why-rey-became-worthy-to-bernanke.html

It was at Princeton that France-born Rey co-authored a paper showing how the U.S. position at the center of global finance gives it an edge to borrow cheaply and safely in the short term and make high-return, riskier investments. The study addressed concerns about the nation’s ballooning current-account deficit: By 2004, then-Fed ChairmanAlan Greenspan was warning that foreigners might be unwilling to keep buying dollars.

以印刷機 印 空頭鈔票，.....