Publication:
Currency Wars Yesterday and Today

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dc.contributor.authorBrahmbhatt, Milan
dc.contributor.authorCanuto, Otaviano
dc.contributor.authorGhosh, Swati
dc.date.accessioned2012-08-13T10:27:58Z
dc.date.available2012-08-13T10:27:58Z
dc.date.issued2010-12
dc.description.abstractAn 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/12/13216674/currency-wars-yesterday-today
dc.identifier.doi10.1596/10116
dc.identifier.urihttps://hdl.handle.net/10986/10116
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEconomic Premise; No. 43
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADMINISTRATIVE CONTROLS
dc.subjectADVANCED COUNTRY
dc.subjectAGGREGATE DEMAND
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUTONOMOUS MONETARY POLICY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SECTOR
dc.subjectBANKRUPTCIES
dc.subjectBOND
dc.subjectBOND SPREADS
dc.subjectBOND YIELDS
dc.subjectCAPITAL ALLOCATION
dc.subjectCAPITAL CONTROL
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCOMPETITIVE DEVALUATION
dc.subjectCOMPETITIVE DEVALUATIONS
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCORE INFLATION
dc.subjectCORPORATE PROFITS
dc.subjectCREDIBILITY
dc.subjectCREDIT RATIONING
dc.subjectCREDIT SPREADS
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDEFLATION
dc.subjectDEPRESSION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISINFLATION
dc.subjectDOMESTIC BONDS
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC INTEREST RATES
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC REVIEW
dc.subjectEMERGING MARKET
dc.subjectEMERGING-MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE FLEXIBILITY
dc.subjectEXPORTS
dc.subjectEXTERNAL BORROWING
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFISCAL POLICY
dc.subjectFIXED EXCHANGE RATE
dc.subjectFIXED EXCHANGE RATE PEG
dc.subjectFIXED EXCHANGE RATE REGIME
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLEXIBLE EXCHANGE RATES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFULL EMPLOYMENT
dc.subjectGDP
dc.subjectGLOBAL CURRENCY
dc.subjectGLOBAL DEMAND
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL STABILITY
dc.subjectGLOBAL IMBALANCES
dc.subjectGLOBAL TRADE
dc.subjectGLOBALIZATION
dc.subjectGOLD
dc.subjectGOLD STANDARD
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH POLICY
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH VOLATILITY
dc.subjectHIGH INFLATION
dc.subjectIMBALANCES
dc.subjectIMPLICIT SUBSIDY
dc.subjectIMPORT
dc.subjectINDEPENDENT MONETARY POLICIES
dc.subjectINDEPENDENT MONETARY POLICY
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFLATIONARY PRESSURES
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE POLICY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE SPREADS
dc.subjectINTERNATIONAL FINANCIAL INTEGRATION
dc.subjectINTERNATIONAL MARKETS
dc.subjectLIBERALIZATION
dc.subjectLIBERALIZATIONS
dc.subjectLIMITED EXCHANGE RATE FLEXIBILITY
dc.subjectLIQUIDITY
dc.subjectLOCAL MARKETS
dc.subjectLONG-TERM GOVERNMENT SECURITIES
dc.subjectLONG-TERM INTEREST
dc.subjectLONG-TERM INTEREST RATES
dc.subjectLOSS OF COMPETITIVENESS
dc.subjectMACRO POLICY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMARKET COUNTRIES
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMATURITY STRUCTURE
dc.subjectMONETARY AUTONOMY
dc.subjectMONETARY ECONOMICS
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONETARY POLICY AUTONOMY
dc.subjectMONEY GROWTH
dc.subjectMONEY SUPPLY
dc.subjectMULTILATERAL TRADE
dc.subjectNOMINAL INTEREST RATE
dc.subjectNOMINAL INTEREST RATES
dc.subjectOPEN CAPITAL ACCOUNT
dc.subjectOPEN CAPITAL ACCOUNTS
dc.subjectOUTPUT
dc.subjectOUTPUT GAPS
dc.subjectPOLICY OPTIONS
dc.subjectPOLICY REFORM
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOTENTIAL OUTPUT
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE STABILITY
dc.subjectPROTECTIONISM
dc.subjectREAL EXCHANGE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL GROSS DOMESTIC PRODUCT
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECESSION
dc.subjectREGULATORY REFORM
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN
dc.subjectSAFETY NETS
dc.subjectSHORT-TERM INTEREST RATE
dc.subjectSHORTFALL
dc.subjectSPECULATIVE BUBBLES
dc.subjectSTRUCTURAL POLICIES
dc.subjectTAX
dc.subjectTRADABLE GOODS
dc.subjectTRADE DEFICIT
dc.subjectTRADE POLICY
dc.subjectTRADING
dc.subjectTRADING PARTNERS
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectUNEMPLOYMENT
dc.subjectUPWARD PRESSURE
dc.subjectVOLATILITY
dc.subjectVOLUME OF FLOWS
dc.subjectWAGES
dc.subjectWORLD TRADE
dc.titleCurrency Wars Yesterday and Todayen
dspace.entity.typePublication
okr.date.disclosure2010-12-09
okr.date.doiregistration2025-04-29T10:07:23.110840Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/12/13216674/currency-wars-yesterday-today
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid745551468173066533
okr.identifier.externaldocumentum000334955_20101209025756
okr.identifier.internaldocumentum13216674
okr.identifier.report58315
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/12/09/000334955_20101209025756/Rendered/PDF/583150BRI0EP430BOX353797B01PUBLIC1.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
relation.isAuthorOfPublication9f42d4a7-f5f2-50a9-bba7-b0fa16636471
relation.isAuthorOfPublication.latestForDiscovery9f42d4a7-f5f2-50a9-bba7-b0fa16636471
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