Devaluing to prosperity : misaligned currencies and their growth consequence / / Surjit S. Bhalla

• Autore: Bhalla Surjit S
• Pubblicazione: Washington, DC, : Peterson Institute for International Economics, 2012
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (283 p.)
• Disciplina: 332.4/142
• Soggetto topico: Devaluation of currency; Economic development - Developing countries; International trade; Foreign exchange rates; Monetary policy
• Soggetto geografico: Developing countries Commerce
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: ""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 ""
• Titolo autorizzato: Devaluing to prosperity
• ISBN: 0-88132-651-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910817431003321
• Lo trovi qui: Univ. Federico II