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| Author | : Barbara Gottfried Hollander |
| Publisher | : The Rosen Publishing Group, Inc |
| Total Pages | : 82 |
| Release | : 2011-01-15 |
| Genre | : Juvenile Nonfiction |
| ISBN | : 1448823773 |
Explains currency devaluation, its causes, and its effects.
| Author | : Richard N. Cooper |
| Publisher | : Princeton, N.J. : International Finance Section, Princeton University |
| Total Pages | : 48 |
| Release | : 1971 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Richard N. Cooper |
| Publisher | : |
| Total Pages | : 38 |
| Release | : 1981 |
| Genre | : Currency question |
| ISBN | : |
| Author | : Fouad Sabry |
| Publisher | : One Billion Knowledgeable |
| Total Pages | : 378 |
| Release | : 2024-03-26 |
| Genre | : Business & Economics |
| ISBN | : |
What is Devaluation In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. A monetary authority maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Devaluation Chapter 2: Currency Chapter 3: Gold standard Chapter 4: Exchange rate Chapter 5: Hong Kong dollar Chapter 6: Balance of payments Chapter 7: Bretton Woods system Chapter 8: Currency board Chapter 9: Indian rupee Chapter 10: Mexican peso crisis Chapter 11: Foreign exchange reserves Chapter 12: Impossible trinity Chapter 13: Floating exchange rate Chapter 14: Nixon shock Chapter 15: Revaluation Chapter 16: Currency intervention Chapter 17: Fixed exchange rate system Chapter 18: London Gold Pool Chapter 19: Currency war Chapter 20: International use of the U.S. dollar Chapter 21: Fear of floating (II) Answering the public top questions about devaluation. (III) Real world examples for the usage of devaluation in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Devaluation.
| Author | : Camila Casas |
| Publisher | : International Monetary Fund |
| Total Pages | : 62 |
| Release | : 2017-11-22 |
| Genre | : Business & Economics |
| ISBN | : 1484330609 |
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
| Author | : Richard N. Cooper |
| Publisher | : |
| Total Pages | : 55 |
| Release | : 1969 |
| Genre | : |
| ISBN | : |
| Author | : Alpo Willman |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 1987 |
| Genre | : Devaluation of currency |
| ISBN | : |
| Author | : Seymour Edwin Harris |
| Publisher | : Cambridge : Harvard University Press |
| Total Pages | : 556 |
| Release | : 1936 |
| Genre | : Currency question |
| ISBN | : |
| Author | : Pierre-Richard Agénor |
| Publisher | : International Monetary Fund |
| Total Pages | : 44 |
| Release | : 1990-09 |
| Genre | : Business & Economics |
| ISBN | : |
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.
| Author | : Michael D. Bordo |
| Publisher | : University of Chicago Press |
| Total Pages | : 692 |
| Release | : 2007-12-01 |
| Genre | : Business & Economics |
| ISBN | : 0226066908 |
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.
