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Exchange Rates & Currency Debates

by Darren Byers

Exchange rates are important in the international economy, because they affect the price of every country's imports and exports, as well as the value of every overseas investment. Following the global financial crisis of 2008-2009 and ensuing economic recession, disagreements among countries over exchange rates have become more widespread. Some policy leaders and analysts contend that there is a "currency war" now underway among certain countries. At the heart of current disagreements is whether or not countries are using exchange rate policies to undermine free markets and intentionally push down the value of their currency in order to gain a trade advantage at the expense of other countries. A weak currency makes exports cheaper to foreigners, which can lead to higher exports and job creation in the export sector. However, if one country weakens its currency, there can be implications for other countries. In general, exporters and firms producing import-sensitive goods may find it harder to compete against countries with weak currencies.However, consumers and businesses that rely on inputs from abroad may benefit when other countries have weak currencies, because imports may become cheaper. The United States has found itself on both sides of the current debates over exchange rates. This book provides an overview of exchange rate and currency debate issues and global monetary policy.

FORMAT
Hardcover
LANGUAGE
English
CONDITION
Brand New


Table of Contents

Preface; Current Debates over Exchange Rates: Overview & Issues for Congress; China's Currency Policy: An Analysis of the Economic Issues; The Depreciating Dollar: Economic Effects & Policy Response; Currency Manipulation: The IMF & WTO; Index.

Details

ISBN1629486167
ISBN-10 1629486167
ISBN-13 9781629486161
Format Hardcover
Pages 120
Imprint Nova Science Publishers Inc
Subtitle Issues in Global Monetary Policy
Place of Publication New York
Country of Publication United States
Edited by Darren Byers
Publisher Nova Science Publishers Inc
DEWEY 332.456
Illustrations illustrations
Short Title Exchange Rates and Currency Debates
Language English
AU Release Date 2013-12-01
NZ Release Date 2013-12-01
UK Release Date 2013-12-01
Author Darren Byers
Audience Professional & Vocational
Year 2014
Publication Date 2014-03-01
US Release Date 2014-03-01

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