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...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, DC :
Peterson Institute for International Economics,
2012.
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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.