Renminbi Change to Have Deep Ramifications for EM, Says Konstam

The video discusses the emerging market (EM) crisis, focusing on the role of dollar strength and its impact on global economies. It highlights the potential consequences of a strong dollar, such as a weak renminbi, and explores China's economic strategies in response to trade disputes with the US. The discussion includes the implications of a depreciating renminbi on global growth and the emerging market complex.

What is a significant factor in the current economic situation compared to 1998?

• The strength of the dollar

• The strength of the euro

• The strength of the yen

• The strength of the pound

What could be a consequence of a significant depreciation of the renminbi?

• Strengthening of the US dollar

• Deep ramifications for global markets

• Stability in emerging markets

• Increased global growth

What is a key focus of the trade dispute between China and the US?

• The price of oil

• The fairness and freeness of trade

• The value of gold

• The strength of the euro

What might China do in response to the trade dispute?

• Reduce exports

• Strengthen its currency

• Increase tariffs

• Depreciate its currency

What is a potential impact of China's currency depreciation on its economy?

• Increase in domestic inflation

• Protection of trading balance

• Decrease in global influence

• Increase in foreign reserves