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Author Darvas, Zsolt ♦ Pisani-Ferry, Jean
Source EconStor
Content type Text
Publisher Bruegel
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Wechselkurs ♦ Währungspolitik ♦ Wechselkurspolitik ♦ Internationales Währungssystem ♦ EU-Staaten
Abstract In this paper, original written for the Economic and Monetary Affairs Committee (ECON) of the European Parliament on 30 November as part of the series entitled 'The threat of currency wars: global imbalances and their effects on currencies', Bruegel Fellows Jean Pisani-Ferry and Zsolt Darvas argue that the currency war has three manifestations: 1) the inflexible pegs of undervalued currencies; 2) attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should primarily be concerned about the first issue, which relates to the renewed debate about the international monetary system.
Part of series Bruegel Policy Contribution x2010/12
Learning Resource Type Report
Publisher Date 2010-01-01
Publisher Place Brussels
Rights Holder