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Devaluing to prosperity : misaligned currencies and their growth consequence /

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, th...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bhalla, Surjit S.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, DC : Peterson Institute for International Economics, 2012.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Introduction
  • The determinants of economic growth
  • Currency valuation, savings, and the current account
  • Measuring currency valuation
  • The yin and yang of investment
  • Is the real exchange rate endogenous?
  • Rashomon rules: US dollar, euro dollar?
  • Currency valuation and growth
  • Policy failures and growth miracles
  • Mercantilism and miracles
  • Institutions versus exchange rate policy
  • Currency undervaluation: a time-tested policy for growth
  • The economics of the yen and the renminbi
  • Changing times, changing views
  • Conclusion.