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Currency Power
by Benjamin J. CohenMonetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency and power, and what does it portend for the geopolitical standing of the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world's dominant currency, are numbered. By contrast, Currency Power argues that the current monetary rivalry still greatly favors America's greenback. Benjamin Cohen shows why neither the euro nor the yuan will supplant the dollar at the top of the global currency hierarchy.Cohen presents an innovative analysis of currency power and emphasizes the importance of separating out the various roles that international money might have. After systematically exploring the links between currency internationalization and state power, Cohen turns to the state of play among today's top currencies. The greenback, he contends, is the "indispensable currency"--the one that the world can't do without. Only the dollar is backed by all the economic and political resources that make a currency powerful. Meanwhile, the euro is severely handicapped by structural defects in the design of its governance mechanisms, and the yuan suffers from various practical limitations in both finance and politics.Contrary to today's growing opinion, Currency Power demonstrates that the dollar will continue to be the leading global currency for some time to come.
Currency Statecraft: Monetary Rivalry and Geopolitical Ambition
by Benjamin J. CohenAt any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy of currency statecraft. In different circumstances, issuing governments may welcome and promote the internationalization of their currency, tolerate it, or actively oppose it. Benjamin J. Cohen offers a provocative explanation of the strategic policy choices at play. In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country’s geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.
Currency Trading and Intermarket Analysis
by La 239 Di AshrafAs head FX strategist at CMC Markets-one of the world's leading forex/commodity brokers-Ashraf Laidi understands the forces shaping today's currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.
Currency Trading For Dummies
by Brian DolanYour plain-English guide to currency tradingForex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively trade in it -- without losing your head!All the world's a stage -- get an easy-to-follow introduction to the global forex market and understand its size, scope, and playersShow me the money -- take a look at the major fundamental and economic drivers that influence currency values and get the know-how to interpret data and events like a proPrepare for battle -- discover different types of trading styles and make a concrete strategy and game plan before you act on anythingPull the trigger -- establish a position in the market, manage the trade while it's open, and close out on the most advantageous termsOpen the book and find:Currency trading conventions and toolsKey characteristics of successful tradersTrading pitfalls to avoid and risk management rules to live byHow major currencies typically tradeWhy it's important to be organized and preparedThe 411 on buying and selling simultaneouslyTips for understanding rollovers and interest ratesLearn to:Grasp currency quotesCapitalize on the foreign exchange marketManage risk and rewardUse the forces that drive currency movementsIdentify key traits of individual currency pairs
Currency Trading For Dummies
by Brian Dolan Kathleen BrooksYour plain-English guide to currency trading Currency Trading For Dummies is a hands-on, user-friendlyguide that explains how the foreign exchange (ForEx) market worksand how you can become a part of it. Currency trading has manybenefits, but it also has fast-changing financial-trading avenues.ForEx markets are always moving. So how do you keep up? With thisnew edition of Currency Trading For Dummies, you'll get theexpert guidance you've come to know and expect from the trusted ForDummies brand--now updated with the latest information on thetopic.Inside, you'll find an easy-to-follow introduction to theglobal/ForEx market that explains its size, scope, and players; alook at the major economic drivers that influence currency values;and the lowdown on how to interpret data and events like a pro.Plus, you'll discover different types of trading styles and make aconcrete strategy and game plan before you act onanything.Covers currency trading conventions and toolsProvides an insider's look at key characteristics of successfulcurrency tradersExplains why it's important to be organized and preparedOffers guidance on trading pitfalls to avoid and riskmanagement rules to live byWhether you're just getting started out in the foreign exchangemarket or an experienced trader looking to diversify yourportfolio, Currency Trading For Dummies sets you up fortrading success.
Currency Trading For Dummies
by Paul Mladjenovic Kathleen Brooks Brian DolanTrade currencies like a seasoned pro with this friendly, fact-filled guide to the forex market Over $6 trillion changes hands in the foreign exchange market every day. You can jump straight into the action with expert guidance from the hands-on Currency Trading For Dummies. You’ll learn how the foreign exchange market works, what factors influence currency values, and how to understand financial data. When you’re ready to create your own game plan for trading currencies, you’ll be able to build it around your investment objectives, experience level, and risk appetite. You’ll also find details on the latest trends in currency trading, including currency ETFs, cryptocurrencies, and currency options. From essential newcomer knowledge to advanced positioning advice, Currency Trading For Dummies offers straightforward instruction that helps you: Source data and market intelligence, employ technical analysis, and use the latest tech to find the most lucrative trading opportunities Understand the most recent Securities and Exchange Commission (SEC) rules and regulations governing currency trading Avoid common pitfalls and mistakes made by novice and experienced currency traders Recognize profitable opportunities in the world of ETFs, currency options, and cryptocurrencies Successful currency trading is within your grasp. This accessible roadmap to trading mastery provides the foundational knowledge you need to create a structured, winning strategy and conquer the forex market.
Currency Unions
by Alberto Alesina Robert J. BarroCurrency Unions reviews the traditional case for flexible exchange rates and "countercyclical"—that is, expansionary during recessions and contractionary in booms—monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates—and why fixed rates, particularly full dollarization—might be a more sensible choice for some emerging-market countries. The contributors also detail the factors that determine the optimal sizes of currency unions, explain how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of dollarization in Ecuador.
Currency Wars: Offense and Defense through Systemic Thinking (Contemporary Systems Thinking)
by Jeffrey Yi-Lin Forrest Yirong Ying Zaiwu GongThis book uses systemic thinking and applies it to the study of financial crises. It systematically presents how the systemic yoyo model, its thinking logic, and its methodology can be employed as a common playground and intuition to the study of money, international finance, and economic reforms. This book establishes theoretical backings for why some of the most employed interferences of the market and empirical experiences actually work. It has become urgent for economists and policy makers to understand how international speculative capital affects the economic security of various nations. By looking at the issues of monetary movement around the world, this book shows that there are clearly visible patterns behind the flows of capital, and that there are a uniform language and logic of reasoning that can be powerfully employed in the studies of international finance As shown in this book, many of the conclusions drawn on the basis of these visible patterns, language, and logic of thinking can be practically applied to produce tangible economic benefits. Currency Wars: Offense and Defense through Systemic Thinking is divided into six parts. The first part addresses issues related to systemic modeling of economic entities and processes and explains how a few policy changes can adjust the performance of the extremely complex economy. Part II of the book investigates the problem of how instabilities lead to opportunities for currency attacks, the positive and negative effects of foreign capital, and how international capital flows can cause disturbances of various degrees on a nation's economic security. Part III examines how a currency war is initiated, why currency conflicts and wars are inevitable, and a specific way of how currency attacks can take place. In Part IV, the book shows how one nation can potential defend itself by manipulating exchange rate of its currency, how the nation under siege can protect itself against financial attacks by using strategies based on the technique of feedback, and develops a more general approach of self-defense. Part V focuses on issues related to the cleanup of the disastrous aftermath of currency attacks through using policies and reforms. Finally the book concludes in Part VI as it analyzes specific real-life cases and addresses the ultimate problem of whether or not currency wars can be avoided all together.
Currency Wars: The Making of the Next Global Crisis
by James RickardsIn 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas.While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002
by Rafael Di TellaThe case describes Argentina's struggle to establish a credible monetary system under populist pressures and the recurrent use of exchange rate stabilization plans. It focuses on two episodes where there was "too little money" in the economy: during the hyperinflation episodes during the late 1980's-when money demand collapsed and the early 2000's when the supply of money collapsed under a hard currency peg.
Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union
by Donal McgettiganCurrent account developments in the Baltics, Russia, and other countries of the former Soviet Union (FSU).
The Current Account and Foreign Debt
by John PitchfordIt is generally assumed that current deficits are intrinsically bad and in need of correction. The Current Account and Foreign Debt argues that this is not always the case. The author analyses a broad range of issues in support of this argument. These include: * Approaches to current account balance * Short run issues * Longer run issues * Policy The book can be read as an integrated whole, or alternatively, each chapter can be consulted without reference to the others. The Current Account and Foreign Debt provides the counterbalance to a common misapprehension in economic theory. It will be a valuable guide for all those interested in international monetary theory.
Current Account Determinants for Oil-Exporting Countries
by Hanan MorsyA report from the International Monetary Fund.
Current Account Developments in New Member States of the European Union: Equilibrium, Excess, and EU-Phoria
by Jesmin RahmanA report from the International Monetary Fund.
Current Account Imbalances in the Southern Euro Area
by Florence Jaumotte Piyaporn SodsriwiboonA report from the International Monetary Fund.
Current Accounts in a Currency Union
by Jörg Decressin Emil StavrevA report from the International Monetary Fund.
Current Achievements, Challenges and Digital Chances of Knowledge Based Economy (Lecture Notes in Networks and Systems #133)
by Svetlana Igorevna Ashmarina Valentina Vyacheslavovna MantulenkoThis book is based on research from Russia, Hungary, Bulgaria, Great Britain, Switzerland and the Czech Republic on issues related to knowledge-based economy development. The idea for this book was developed during three international conferences on digitalization: VI, VII and VIII International Scientific Weeks, organized by Samara State University of Economics (Samara, Russia) in 2018–2020. It is an initiative by the scientific and business organizations in the Samara Region and their Russian and international partners to analyze the current digitalization of social-economic systems, the problems and perspectives of this process, and its role in the creation and development of a new type of economy and new quality of human capital. All the contributions focus on the search for effective ways of adapting to the new digital reality and are based analyses of international statistics, and data from specific companies, educational institutions and governmental development programs.The book explores a variety of topics, including • Knowledge and Information as Basic Values of a New Economic Paradigm;• Information Technologies for Ensuring Sustainable Development of Organizations;• Augmented Reality, Artificial Intelligence and Big Data in Education and Business;• Digital Platforms and the Sharing Economy;• Potential of Digital Footprints in Economies and Education; • Sociocultural Consequences of Digitalization.
Current and Emerging Issues in the Audiovisual Industry
by Alicia Urgellés Mercedes Medina Mónica HerreroThis book focuses on the challenges of competition in television broadcasting markets. How is the evolution from a two-sided market to platform economics reshaping competition in television broadcasting? How are new market dynamics changing competition for content creation and acquisition and the revenue streams? Will content remain king? Or will new competitive dynamics undermine the sustainable creation of high quality content, especially in small media markets?
Current and Future Trends on Intelligent Technology Adoption: Volume 2 (Studies in Computational Intelligence #1161)
by Mostafa Al-Emran Mohammed A. Al-Sharafi Garry Wei-Han Tan Keng-Boon OoiThis book explores current and future trends in adopting intelligent technologies among individuals and organizations. The edited book includes empirical and review studies primarily focusing on these issues. This focus aids scholars in conducting future research in the domain and identifying possible future developments of emerging technologies. The empirical studies in the book utilize recent and advanced analytical techniques for data analysis.
Current and Future Trends on Intelligent Technology Adoption: Volume 1 (Studies in Computational Intelligence #1128)
by Mohammed A. Al-Sharafi Mostafa Al-Emran Garry Wei-Han Tan Keng-Boon OoiThis book explores current and future trends in adopting intelligent technologies, such as the metaverse, social technologies, FinTech applications, and blockchain, among individuals and organizations. The edited book includes empirical and review studies primarily focusing on these issues. This focus aids scholars in conducting future research in the domain and identifying possible future developments of emerging technologies. The empirical studies in the book utilize recent and advanced analytical techniques for data analysis.
Current Challenges in Patent Information Retrieval (The Information Retrieval Series #29)
by Katja Mayer Mihai Lupu Anthony J. Trippe John TaitIntellectual property in the form of patents plays a vital role in today's increasingly knowledge-based economy. This book assembles state-of-the art research and is intended to illustrate innovative approaches to patent information retrieval.
Current Developments in Monetary and Financial Law: Restoring Financial Stability The Legal Response, Volume 6
by International Monetary FundA report from the International Monetary Fund.
Current Developments in Monetary and Financial Law, Vol. 4
by International Monetary FundThe papers in this volume are based on the presentations made at the ninth biennial seminar for legal advisers of central banks, 24 May - 4 June 2004, held by the Legal Department and the Institute of the International Monetary Fund (IMF). The seminar covered a broad range of topics: activities of the IMF; sovereign debt restructuring; money laundering and the financing of terrorism; financial system and banking supervision; conflicts of interest and market discipline in the financial sector; insolvency.
Current Developments in Monetary and Financial Law, Volume 5
by International Monetary FundA report from the International Monetary Fund.
Current Economic Problems In China
by Kwok-Kwan FungAn analysis of the PRC's current economic problems and a critical evaluation of the nation's efforts to solve them, this book brings together papers and speeches by Xue Muqiao, one of China's most prominent economists and one of its key spokesmen for liberal economic reform. Xue addresses such issues as commune and brigade enterprises; employment a