The Spectre of Currency War
Larry Summers, Economist; Director, US National Economic Council (2009-10); US Treasury Secretary (1999-2001)
Chair: Stephanie Flanders, Economics Editor, BBC
Japan's recent announcement of its new inflation target has caused concern around the world, raising the spectre of competitive devaluations, trade protectionism and destabilizing capital inflows to the emerging world. Have countries learned the lessons of the 1930s sufficiently to avoid an all-out currency war?
Attendance is strictly by invitation only. To enable as open a debate as possible, this event will be held under the Chatham House Rule.