Download or read book How Currency Devaluation Works written by Barbara Gottfried Hollander and published by The Rosen Publishing Group, Inc. This book was released on 2011-01-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains currency devaluation, its causes, and its effects.
Download or read book Currency Devaluation in Developing Countries written by Richard N. Cooper and published by Princeton, N.J. : International Finance Section, Princeton University. This book was released on 1971 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Devaluing to Prosperity written by Surjit S. Bhalla and published by Peterson Institute. This book was released on 2012 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts have long questioned the effect of currency undervaluation on overall GDP growth. They have viewed the underlying basis for this policy--intervention in currency markets to keep the price of the home currency cheap--as doomed to failure on both theoretical and empirical grounds. Moreover, the view has been that overvalued currencies hurt economic growth but undervalued currencies cannot help in growth acceleration. A parallel belief has been that the real exchange rate--that is, a country's competitive ranking--cannot be affected by merely changing the nominal exchange rate. This view is grounded in the belief, and expectation, that inflation follows any devaluation of currency. Hence, the conclusion that the real exchange rate cannot be affected by policy. However, given China's remarkable performance in recent decades, this traditional view is being reexamined. China devalued its currency by large amounts in the 1980s and early 1990s; instead of inflation, it achieved high growth. Today, there is near-universal demand for China to significantly revalue its currency. This book examines the veracity of various propositions relating to currency misalignments, and their effect on various items of policy interest. The author subjects more than a century of global exchange rate management and growth outcomes to rigorous empirical analysis and demonstrates convincingly that a country can systematically devalue and yet prosper. The analysis helps in interpreting several phenomena, especially for the last three decades, which have witnessed high economic growth in developing countries, a widening of global imbalances, and a sharp increase in reserve accumulation, particularly among high-growth Asian economies. The book shows that these events are strongly linked via a consistent policy of currency undervaluation in Asian economies.
Download or read book The Great Devaluation written by Adam Baratta and published by John Wiley & Sons. This book was released on 2020-08-04 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea: “What seems crazy in normal times becomes necessary in a crisis.” The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up. Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You’ll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy.
Download or read book Currency Devaluation and Emerging Economy Export Demand written by James R. Owen and published by Ashgate Publishing, Ltd.. This book was released on 2005 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Illustrated by comparative case studies from Chile, Malaysia and South Korea, this book examines the impacts resulting from currency devaluation on major elements of a developing nation's export portfolio.
Download or read book Exchange Restrictions and Devaluation Crises written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1990-09-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model of devaluation crises for an economy where foreign exchange restrictions lead to the emergence of a parallel market. The devaluation rule relates the size of the parity change to the spread between the official and parallel exchange rates. The mechanism that triggers the devaluation relates credit policy and the inflation tax. A credit expansion leads to an increase in the spread and possibly to a fall in inflation tax revenue, as agents switch away from domestic currency holdings. A devaluation reverses temporarily the process of erosion of the tax base if the associated fall in the premium raises the credibility of the new parity.
Download or read book Devaluation of the Dollar and Stabilization Fund written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1939 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Currency Devaluation in Developing Countries written by Richard N. Cooper and published by . This book was released on 1991 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Devaluation Expectations and Speculative Attacks on the Currency written by Alpo Willman and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How to Protect Yourself from The Devaluation of Money written by Steven Gray and published by ZeroNever. This book was released on with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: With devaluation comes a reduction in the value of a nation's currency. This is common knowledge. Also, it makes imports more expensive, with exports becoming more competitive. All things being equal, inflationary pressures increase with devaluation. This is due to the increase in the demand for exports and an increase in import prices. As much as currency devaluation has an effect on inflation, its impact on inflation is linked to several factors. Chief among them is the state of the nation’s economy. Devaluation of money is real, and just like death, you never know when it will come. However, there are things you can do to ensure that it does not affect you negatively. If you master some of them, you might never have to worry even in the face of the devaluation of your nation’s currency.
Download or read book The Question Concerning the Depreciation of Our Currency Stated and Examined written by Huskisson and published by . This book was released on 1810 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Question Concerning the Depreciation of Our Currency Stated and Examined written by William Huskisson and published by . This book was released on 1811 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Devaluation of Dollar and Stabilization Fund written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1939 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.
Download or read book Devaluation of the Dollar and Stabilization Fund written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1941 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Currency Wars written by James Rickards and published by Penguin. This book was released on 2012-08-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
Download or read book Currency Devaluation in Developing Countries written by Richard N. Cooper and published by . This book was released on 1969 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
