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Blame China for talk of a currency war on Wall Street. On Tuesday, China surprised markets by devaluing its currency, the yuan, by nearly 2% vs. the dollar -- the biggest one-day fall in two decades.
A “currency war” is just a headline writer’s term for what economists describe as “competitive devaluation.” It’s helpful, in this context, ...
What effect would a currency war have on the U.S. and other economies? As discussed below, some people argue that the currency war of the 1930s actually helped economies around the world.
“A currency war, fought by one country through competitive devaluations of its currency against others, is one of the most destructive and feared outcomes in international economics.” So says ...
Currency wars get a bad rap. The trouble starts with that second word. Wars, as we all know, are very bad. And a currency war -- where countries compete to lower their exchange rate to boost their ...
A currency war is a tit-for-tat policy of official currency devaluation aimed at improving each nation's foreign trade competitiveness at the expense of other nations.
The 2008 Great Financial Crisis ushered in a new currency war that has morphed into a financial market war, with oil as the weapon of choice. I am not trying to be a fear monger, ...
Trade wars are now threatening to spill over into currency wars, producing not one but two zero-sum, tit-for-tat races to the bottom where everybody will be worse off and destroying the post-war ...
As the US-China trade war continues to undermine global economic confidence, Donald Trump sparked new fears among investors last night by threatening a currency war with Beijing. US-China trade ...
At their November meeting inSeoul, the leaders of the G20 nations once again patted themselves on the back for their massive efforts to stabilize the global economy since the 2007–08 financial ...
Currency wars get a bad rap. The trouble starts with that second word. Wars, as we all know, are very bad. And a currency war -- where countries compete to lower their exchange rate to boost ...
Currency Wars belief leads some folks down the path of "the dollar is being debased, yields will skyrocket any day now, short bonds, runaway inflation is just around the corner." ...
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