Currency conflict and trade policy : a new strategy for the United States / C. Fred Bergsten and Joseph E. Gagnon.

Format:

Book

Author/Creator:

Bergsten, C. Fred, 1941- author.

Gagnon, Joseph E., author.

Language:

English

Subjects (All):

Foreign exchange rates--United States.

Foreign exchange rates.

Balance of trade--United States.

Balance of trade.

Devaluation of currency--United States.

Devaluation of currency.

Monetary policy--United States.

Monetary policy.

United States--Commercial policy.

United States.

Physical Description:

1 online resource (280 pages) : illustrations

Place of Publication:

Washington, District of Columbia : Peterson Institute for International Economics, 2017.

System Details:

Mode of access: World Wide Web.

Summary:

Conflicts over currency valuations are a recurrent feature of the modern global economy. To strengthen their international competitiveness, many countries resort to buying foreign currencies to make their exports cheaper and their imports more expensive. In the first decade of the twenty-first century, for example, China's currency manipulation practices were so flagrant that they produced a backlash in the United States and other trading partners, prompting threats of retaliation. How damaging is the practice of currency manipulation-and how extensive is the problem? This book by C. Fred Bergsten and Joseph E. Gagnon-two leading experts on trade, investment, and the effects of currency manipulation-traces the history, causes, and effects of currency manipulation and analyzes a range of policy responses that the United States could adopt. The book is an indispensable guide to a complex and serious problem and what might be done to solve it.

Contents:

Currency conflict and trade policy : a new strategy for the United States

Contents

Preface

Acknowledgments

1. Introduction

2. Key Conceptual Issues

3. Norms for Current Account Balances

4. The “Decade of Manipulation” (2003–13)

5. Policy Options

6. Conclusions and Recommendations

Appendix A: Data Sources and Annual Data on Currency Manipulation

References

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780881327250

0881327255