Publication: Currency Wars Yesterday and Today
Date
2010-12
ISSN
Published
2010-12
Author(s)
Abstract
An energetic debate on the danger of a
global currency war has flared up in recent months, stoked
by a renewed move to 'quantitative easing' in the
United States, resurgent capital flows to developing
countries and strong upward pressure on emerging market
currencies. This economic premise views some of the
arguments and concludes that the current United States
monetary easing is a useful insurance policy against the
risk of global deflation. But it is increasing pressure on
developing countries to move toward greater monetary policy
autonomy and exchange rate flexibility, as well as to
undertake the institutional and structural policies needed
to underpin such flexibility. Such reforms will take time.
Link to Data Set
Citation
“Brahmbhatt, Milan; Canuto, Otaviano; Ghosh, Swati. 2010. Currency Wars Yesterday and Today. Economic Premise; No. 43. © World Bank, Washington, DC. http://hdl.handle.net/10986/10116 License: CC BY 3.0 IGO.”