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Currency war

Index Currency war

Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies. [1]

30 relations: Beggar thy neighbour, Benazir Bhutto, Brazil–China relations, Bretton Woods system, Capital control, Currency War of 2009–11, Current account, David Woo, Devaluation, Economic history of Chile, Economy of Spain, European Monetary System, Financial contagion, Financial crisis of 2007–2008, First Five-Year Plans (Pakistan), Five-Year Plans of Pakistan, Foreign-exchange reserves, Haruhiko Kuroda, HMS Phoenix (1759), Inflation targeting, Monetary policy of the United States, Paradox of competition, Plaza Accord, Quantitative easing, Sterilization (economics), Trade war, Tripartite Agreement of 1936, 2010 G20 Seoul summit, 2013 G20 Saint Petersburg summit, 2015 Xi Jinping visit to the United States.

Beggar thy neighbour

In economics, a beggar-thy-neighbour policy is an economic policy through which one country attempts to remedy its economic problems by means that tend to worsen the economic problems of other countries.

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Benazir Bhutto

Benazir Bhutto (بينظير ڀُٽو; 21 June 1953 – 27 December 2007) was a Pakistani politician who served as Prime Minister of Pakistan from 1988 to 1990 and again from 1993 to 1996.

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Brazil–China relations

Brazil–China relations refers to the current and historical relationship between Brazil and China.

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Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.

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Capital control

Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account.

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Currency War of 2009–11

The Currency War of 2009–2011 was an episode of competitive devaluation which became prominent in the financial press in September 2010.

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Current account

In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).

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David Woo

David Woo is the Head of Global Interest Rates, Foreign Exchange, Emerging Market Fixed Income & Economics Research at Bank of America Merrill Lynch, where he researches the world financial markets.

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Devaluation

In modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency or currency basket.

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Economic history of Chile

The economy of Chile has shifted substantially over time from the heterogeneous economies of the diverse indigenous peoples to an early husbandry-oriented economy and finally to one of raw material export and a large service sector.

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Economy of Spain

The economy of Spain is the world's fourteenth-largest by nominal GDP, and it is also one of the largest in the world by purchasing power parity.

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European Monetary System

European Monetary System (EMS) was an arrangement established in 1979 under the Jenkins European Commission where most nations of the European Economic Community (EEC) linked their currencies to prevent large fluctuations relative to one another.

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Financial contagion

Financial contagion refers to "the spread of market disturbances mostly on the downside from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows".

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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First Five-Year Plans (Pakistan)

The First Five-Year Plans for the National Economy of Pakistan, (or also known as First Five-Year Plans), was a set of the Soviet-styled centralized economic plans and targets as part of the economic development initiatives, in the Pakistan.

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Five-Year Plans of Pakistan

The Five-Year Plans for the National Economy of Pakistan (otherwise publicly known as Five-Year Economic Plans for the National Economy), were the series of nationwide centralised economic plans and targets as part of the economic development initiatives, in the Pakistan.

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Foreign-exchange reserves

Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions.

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Haruhiko Kuroda

, is the 31st and current Governor of the Bank of Japan (BOJ).

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HMS Phoenix (1759)

HMS Phoenix was a 44-gun fifth rate Ship of the Royal Navy.

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Inflation targeting

Inflation targeting is a monetary policy regime in which a central bank has an explicit target inflation rate for the medium term and announces this inflation target to the public.

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Monetary policy of the United States

Monetary policy concerns the actions of a central bank or other regulatory authorities that determine the size and rate of growth of the money supply.

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Paradox of competition

Paradox of competition in economics names a model of a situation where measures, which offer a competitive advantage to an individual economic entity, lead to nullification of advantage if all others behave in the same way.

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Plaza Accord

The Plaza Accord or Plaza Agreement was an agreement between the governments of France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets.

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Quantitative easing

Quantitative easing (QE), also known as large-scale asset purchases, is an expansionary monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to stimulate the economy and increase liquidity.

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Sterilization (economics)

In macroeconomics, sterilization is action taken by a country's central bank to counter the effects on the money supply caused by a balance of payments surplus or deficit.

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Trade war

A trade war is an economic conflict resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party.

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Tripartite Agreement of 1936

The Tripartite Agreement was an international monetary agreement entered into by the United States, France, and Great Britain in September 1936 to stabilize their nations' currencies both at home and in the international exchange markets.

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2010 G20 Seoul summit

The 2010 G20 Seoul Summit was the fifth meeting of the G20 heads of government/heads of state, to discuss the global financial system and the world economy,Cho Jin-seo.

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2013 G20 Saint Petersburg summit

The 2013 G20 Saint Petersburg summit was the eighth meeting of the G20 heads of government/heads of state.

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2015 Xi Jinping visit to the United States

The 2015 state visit of Xi Jinping to the United States, which was from September 22 to 28, 2015, was the state visit of China's paramount leader Xi Jinping to the United States.

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Redirects here:

Competitive devaluation, Currency War.

References

[1] https://en.wikipedia.org/wiki/Currency_war

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