The case for Bancor

 It is an unhappy characteristic of economic columnists that they fail to acknowledge any new unearthing by others. Having myself occasionally suffered from such behaviour, let me rectify the count by stating that, while Arvind Virmani was well ahead of others in highlighting the fact that China and India were growing faster than all other countries, Surjit Bhalla was the first to draw our attention to the fact that the Chinese Yuan was under-valued.

 However Bhalla