04951nam 2200685Ia 450 991046215050332120200520144314.00-88132-651-8(CKB)2670000000241291(EBL)3385689(SSID)ssj0000720394(PQKBManifestationID)11431439(PQKBTitleCode)TC0000720394(PQKBWorkID)10669083(PQKB)11477734(MiAaPQ)EBC3385689(Au-PeEL)EBL3385689(CaPaEBR)ebr10594476(CaONFJC)MIL522318(OCoLC)923328357(EXLCZ)99267000000024129120120622d2012 uy 0engurcn|||||||||txtccrDevaluing to prosperity[electronic resource] misaligned currencies and their growth consequence /Surjit S. BhallaWashington, DC Peterson Institute for International Economics20121 online resource (283 p.)Description based upon print version of record.0-88132-623-2 Includes bibliographical references and index.""Cover ""; ""Preface""; ""Acknowledgments""; ""Ch 1. Introduction ""; ""What Determines Growth: Geography? Technology? Policy?""; ""The Primacy of Exchange Rate Policy""; ""A Guide to the Book""; ""Ch 2. Determinants of Economic Growth""; ""The Historical Context""; ""Some Explanations of Growth""; ""Growth since 1950""; ""Popular Theories""; ""Growth Policies: The Washington Consensus""; ""Ch 3. Currency Valuation, Savings, and the Current Account ""; ""Currency Valuation and Savings""; ""Current Account Balance and Growth""; ""Currency Valuation and the Current Account""""Ch 4. Measuring Currency Valuation """"Equilibrium Exchange Rates""; ""Real Exchange Rates""; ""Currency Misalignments""; ""Real Exchange Rates and Income""; ""Different Measures of Currency Valuation""; ""Income, Currency Valuation, and Growth: A Review""; ""Ch 5. The Yin and Yang of Investment ""; ""Currency Valuation and Investment""; ""Investment Impact of Currency Devaluation""; ""Investment as the Channel of Influence""; ""Ch 6. Is the Real Exchange Rate Endogenous? ""; ""An Endogenous Real Exchange Rate: The Theory""; ""The Impossible Trinity""; ""Passive Devaluation""""Changes in Currency Valuation, 1980-2011""""Is China a Currency Manipulator?""; ""In Summary""; ""Ch 7. Rashomon Rules: US Dollar, Euro Dollar""; ""US Current Account Deficit""; ""Valuations of the Dollar""; ""Currency Valuations and the US Current Account Deficit""; ""Whither the Dollar?""; ""Ch 8. Currency Valuation and Growth ""; ""Overview""; ""Econometric Models of Growth""; ""Tests of Simple Growth Models""; ""Conclusion""; ""Ch 9. Policy Failures and Growth Miracles ""; ""Growth Successes and Failures""; ""Explanations for Failure""; ""Structural Breaks in Growth""""Explaining Growth Acceleration""""Ch 10. Mercantilism and Miracles ""; ""Defining Mercantilism""; ""Mercantilism and Growth""; ""Miracle Economies""; ""Ch 11. Institutions versus Exchange Rate Policy ""; ""The Conventional Wisdom""; ""New Evidence""; ""Institutional Measures""; ""Institutions and Growth: Revisiting the Evidence""; ""Ch 12. Currency Undervaluation: A Time-Tested Policy for Growth ""; ""Nineteenth-Century Exchange Rates""; ""Tariffs and Growth""; ""The Yen Exchange Rate in 1950""; ""Ch 13. Economics of the Yen and the Renminbi ""; ""Japan in the 1980's and China in the 2010's"""""China Is Different""; ""Revisiting Paul Samuelson""; ""Ch 14. Changing Times, Changing Views ""; ""Currency Wars""; ""Why Currency Undervaluation?""; ""Evidence of Malfunctions and Imbalances""; ""The Seductive Appeal of Currency Undervaluation""; ""One Country's Ceiling Is Another Country's Floor's Evidence on Stolen Growth""; ""Breaking the Cycle""; ""Ch 15. Conclusion ""; ""Currency Undervaluation Affects Investment and Generates Growth ""; ""The Dual of Currency Undervaluation Is Currency Overvaluation""""The Real Exchange Rate Can Be Influenced by the Nominal Exchange Rate ""Devaluation of currencyEconomic developmentDeveloping countriesInternational tradeForeign exchange ratesMonetary policyDeveloping countriesCommerceElectronic books.Devaluation of currency.Economic developmentInternational trade.Foreign exchange rates.Monetary policy.332.4/142Bhalla Surjit S871993MiAaPQMiAaPQMiAaPQBOOK9910462150503321Devaluing to prosperity2286554UNINA