Bernanke Says Currency Mismatch a Risk for China Policy Makers

China needs to create deep and liquid markets to avoid currency risks as it makes the yuan a convertible currency, former Federal Reserve Chairman Ben S. Bernanke said in Shanghai.

“China needs to avoid currency mismatch as it opens its capital account,” Bernanke said at a speech at the Shanghai Forum on Monday. “For a currency to be internationally traded, what you need most is liquid markets. A deep market means people can get their money out.”