The final key risk facing the world concerns currency. Since the global economic crisis, the expansionary monetary policies that advanced-economy central banks have pursued have caused large-scale, volatile capital flows across emerging-economy borders, generating significant instability for these countries and fueling accusations of “currency wars.”
世界所面临的最后一个重大风险是货币。自全球经济危机以来，发达经济体央行所追求的扩张性货币政策，导致了新兴经济体出现大规模、高波动的资本跨境流动，造成了这些国家严重动荡，助长了“货币战争”的升级。