Sunday, March 2, 2014

Roubini Advocates The Weakening of The Canadian Dollar

“I would use more aggressive monetary policy to weaken the currency,” Roubini said at a lunchtime event at the Toronto Hilton, referring to the Canadian dollar. “That’s what I would do. More than fiscal stimulus I would say a commitment to keep rates low for longer, or having an easing bias, something along those lines.” “It may not be conventional wisdom right now but I’d say keeping your currency weaker right now is important,” Roubini said. - via Bloomberg

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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