While the countries of East Asia have attracted most of the attention, the US could also draw inspiration for its economic policy from other successful economies. One of the most relevant may be Switzerland. The Swiss have intervened massively in global currency markets in order to maintain a competitive Swiss franc and preserve Switzerland's relatively large and technologically advanced industrial sector.
Ambrose Evans-Pritchard nicely summarizes this recent history in The Telegraph. The Swiss have apparently branched out from purchasing large quantities of euros to also buying up large quantities of British pound sterling, which the English National Bank has sought to counteract. Evans-Pritchard notes that many other successful small countries, including Turkey, are following a similar tactic. How long will it take before the wise men of Washington start paying attention?
Here's the link.
Source:
Ambrose Evans-Pritchard. January 3, 2013. "Switzerland and Britain are at Currency War." The Telegraph.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100022037/switzerland-and-britain-are-now-at-currency-war/
