Chapter 1020: 1020

Alfred herhausen, the West German elite, did not break his promise. On his own territory, he held a series of cocktail parties, visits, seminars, salons and other activities to warmly entertain Sir Gao, President of the Xiangjiang exchange fund authority and future president of the Xiangjiang monetary authority.

Of course Gao Xian is. Like a mirror in his heart, the German people are using his outsider's view of "practical needs" to move the subtle topic of "reunification of two Germany" to the center of the table step by step.

If it were not for the Soviet Union and its controlled Eastern European territory, a series of problems had begun to appear, and Gao Xian was a little overwhelmed. Gao Xian really had to consider his own security measures in Europe.

Since there are mutual needs, Gao Xian will find a way to achieve the goal of this trip to West Germany. First, he will naturally start from the most intuitive place.

There are many similarities between the young Gaoyi first series and the long-standing Deutsche Bank.

For example, the former controls the industrial assets of happy group, which are typically represented by Huanyu electronics, happy energy and happy industry, while the latter also controls the larger industrial assets. The most familiar company is Daimler Benz.

For another example, both are trying to internationalize.

From the perspective of high chord information asymmetry, we can understand the internal needs of Deutsche Bank in business internationalization, especially the spare efforts of Deutsche Bank such as Alfred herhausen. Germany and France are the main forces to promote the establishment of the EU. Seeing the future, if Deutsche Bank can't keep up with the new situation in terms of mechanism and so on, That hard work, isn't it making wedding clothes for others.

The industrial assets controlled by Gaoyi have unique advantages in the emerging high-tech industries represented by personal computers. It is self-evident that Daimler Benz controlled by Deutsche Bank has a strong traditional industrial heritage.

Therefore, from finance to industry, as long as the two sides are willing, there are still quite a lot of places to cooperate.

After all, in a series of activities attended by Gao Xian in Frankfurt, he said that West Germany needs to increase the space to accommodate the immediate economic contradictions. For example, to achieve the reunification of the two Germany, there will be a considerable market in several states at once to pave the way for the real ideas of the West German elite.

After all, West Germany is far away from Europe. Is it really interested in its market interests in Asia?

The answer is certainly yes, not to mention a very common phenomenon in the "old script", that is, German cars are very popular in the market of large Eastern countries. There is an example in the past two years.

Last year, in 1986, the Philippines, which belongs to Southeast Asia, changed. After the new rulers came to power, they were faced with a terrible situation of financial collapse. West German Prime Minister Kohl sent heavyweight representatives to Manila to teach successful financial experience.

This heavyweight representative definitely belongs to the role of a big man. He is the former president of the Central Bank of West Germany - the Bundesbank, specifically, Otmar emminger, the last president of the current Bundesbank. His famous achievement was to successfully safeguard the exchange rate stability of the West German mark in the 1970s after the collapse of the Bretton Woods system.

You know, the Philippines was once a colony of Mitty. The running President niukos, the cat is in Hawaii.

It is not difficult to see from this matter that after the strength of West Germany comes up, its elites are clear-minded. If they don't go out, they will be trapped sooner or later.

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However, when ottoma eminger taught his monetary policy experience in Manila, he died of heart failure. I don't know whether it was a real coincidence or some other unspeakable factors. In the end, it naturally ended up.

Alfred herhausen promised Sir Gao that his trip to Frankfurt had yielded a lot. Gao Yi's first department and Deutsche Bank further deepened their cooperation on the basis of their existing financial and industrial assets under their respective control. Naturally, it came about, such as the "fair treatment" of Huanyu electronics and Gaoxing technology's computer hardware and software products in the West German market.

But this is not the key point. The two sides' main play, in terms of "retreat" and discussing macro-economic issues, can also create a reasonable driving force for the reunification of the two Germany. Sir Gao, the current president of the Xiangjiang exchange fund authority, who is also interested, is concerned about how strong West Germany is determined to defend its own interests at the level of monetary policy against the background of the economic contradiction between the two countries, Especially dare to fight?

After the Plaza Accord, the US dollar has entered the channel of substantial depreciation. Taking the US dollar against the Japanese yen as an example, it has fallen to about 150 yen per US dollar this year. In other words, it has fallen by more than 25%.

The United States wants to reduce its fiscal deficit and trade deficit through this forced manipulation, but the effect is very ironic. The trade deficit of the United States increases instead of decreasing.

But the depreciation of the US dollar continued so fiercely, which was not enough. So the United States manipulated it again and made a louvre agreement, which was a correction to the effect of the Plaza Agreement.

The Louvre agreement is certainly high sounding to the outside world. It is called stabilizing the international exchange rate. France agreed to reduce the budget deficit equivalent to 1% of GDP and the same amount of corporate and personal taxes. Originally, it agreed to reduce the trade surplus and interest rate. Britain agreed to reduce public expenditure and tax cuts. West Germany, as the engine of Europe's economy, has become the focus of attention, They also agreed to reduce public spending, cut corporate and personal taxes, and keep interest rates low.

However, in addition to the public content, there are some hidden contents in the Louvre agreement, such as the exchange rate fluctuations of the US dollar against the Japanese yen and the West German mark, which should be maintained in a range.

In order to avoid exchange rate speculation, this fluctuation range has not been announced, and everyone can only show their magic powers. For example, sir Gao, who actually controls Gaoyi series I and Xiangjiang exchange fund, got the result that the target exchange rate of the US dollar is in the fluctuation range of 1.825 West German mark and 5% near 153.5.

Just take advantage of the high string in Xiangjiang, but there are more and more contradictions between mitti and West Germany in the implementation of the Louvre agreement.

To put it simply, it is easy to understand that middy wanted West Germany to reduce interest rates, but West Germany failed to achieve the degree middy wanted out of its own interests.

In terms of the effectiveness of the Louvre agreement over the past two months, it is ironic, at least in terms of maintaining the exchange rate. The dollar continues to depreciate against the yen.

In the process of contacting the financial elites in West Germany, Gao Xian felt that their attitude might be tougher than expected by the American elites.

This is not surprising. In terms of the sophistication of playing finance, the Germans also have years and are not bad. Moreover, they have learned painful lessons such as the great devaluation of the currency in the Weimar period before. Maintaining currency stability is engraved in the bone marrow. Of course, we should keep the bottom line.

Gao Xian is still thinking about how to reply to David Rockefeller. Mitty lost patience first. Finance minister James Baker publicly accused West Germany of not abiding by the agreement and even vaguely revealed the threat of unilateral action.

"Such confrontation is likely to become a major inducement to the big stock disaster." Gao Xian quickly calculated that on the other side of Xiangjiang, Gaoyi should cool down the Hang Seng stock index futures. I don't care. The Xiangjiang futures exchange built by myself can't be dragged down and collapsed by the transaction guarantee beyond control.

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