G-20 Agrees Yardsticks on Imbalances as U.S Seeks Yuan Leverage

Group of 20 finance officials agreed to closer monitoring of global economic imbalances, in a step toward smoothing the trade and investment distortions that plunged the world into crisis.

Yardsticks such as the current account and public and private debt will make up a scoreboard that, while not binding, may give the U.S. and Europe leverage to push for an appreciation of China’s currency.