Depreciation and the Currency Wars
Business & Finance, Economics, Foreign Exchange, International Economics, Theory of Economics
| Author: | Hak Choi | ISBN: | 1230001998405 |
| Publisher: | Hak Choi | Publication: | November 10, 2017 |
| Imprint: | Language: | English |
| Author: | Hak Choi |
| ISBN: | 1230001998405 |
| Publisher: | Hak Choi |
| Publication: | November 10, 2017 |
| Imprint: | |
| Language: | English |
What is currency war? It is the use of depreciation to fight the trade war, in order to capture foreign reserves. But why are backward countries remain backward, though they have been depreciating all the time. This book will prove that wielding the depreciation weapon to fight the war is futile.
Apart from being futile, this book will also prove that currency war inflicts famine and death, and that the infliction by currency crises is particularly devastating.
So, who have raged such wars? Speculators? Capitalists? This book will single out the true culprits and their abettors.
What is currency war? It is the use of depreciation to fight the trade war, in order to capture foreign reserves. But why are backward countries remain backward, though they have been depreciating all the time. This book will prove that wielding the depreciation weapon to fight the war is futile.
Apart from being futile, this book will also prove that currency war inflicts famine and death, and that the infliction by currency crises is particularly devastating.
So, who have raged such wars? Speculators? Capitalists? This book will single out the true culprits and their abettors.
