LEADER 04918nam 2200673Ia 450 001 9910785515203321 005 20230801224331.0 010 $a0-88132-651-8 035 $a(CKB)2670000000241291 035 $a(EBL)3385689 035 $a(SSID)ssj0000720394 035 $a(PQKBManifestationID)11431439 035 $a(PQKBTitleCode)TC0000720394 035 $a(PQKBWorkID)10669083 035 $a(PQKB)11477734 035 $a(MiAaPQ)EBC3385689 035 $a(Au-PeEL)EBL3385689 035 $a(CaPaEBR)ebr10594476 035 $a(CaONFJC)MIL522318 035 $a(OCoLC)923328357 035 $a(EXLCZ)992670000000241291 100 $a20120622d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDevaluing to prosperity$b[electronic resource] $emisaligned currencies and their growth consequence /$fSurjit S. Bhalla 210 $aWashington, DC $cPeterson Institute for International Economics$d2012 215 $a1 online resource (283 p.) 300 $aDescription based upon print version of record. 311 $a0-88132-623-2 320 $aIncludes bibliographical references and index. 327 $a""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"" 327 $a""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"" 327 $a""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"" 327 $a""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"" 327 $a"""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"" 327 $a""The Real Exchange Rate Can Be Influenced by the Nominal Exchange Rate "" 606 $aDevaluation of currency 606 $aEconomic development$zDeveloping countries 606 $aInternational trade 606 $aForeign exchange rates 606 $aMonetary policy 607 $aDeveloping countries$xCommerce 615 0$aDevaluation of currency. 615 0$aEconomic development 615 0$aInternational trade. 615 0$aForeign exchange rates. 615 0$aMonetary policy. 676 $a332.4/142 700 $aBhalla$b Surjit S$01507016 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910785515203321 996 $aDevaluing to prosperity$93737479 997 $aUNINA