Currencies and Globalization

Front Cover
Nova Publishers, 2007 - Business & Economics - 209 pages
Currencies are often the targets of speculators and the sometimes reflections and engines of a country's prosperity. They affect consumption rates, political stability and industrial success. Exchange rates are carefully set and endlessly analysed and changed. This book presents leading contemporary issues related to currencies and globalisation.
 

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Contents

Chinas Exchange Rate Peg Economic Issues and Options for US Trade Policy
1
Chinas Currency Peg A Summary of the Economic Issues
35
Chinas Currency US Options
43
Chinas Currency A Summary of the Economic Issues
63
Arbitrage in Foreign Exchange Markets within the Context of a Transactional Algebra
71
Responsiveness to External Developments through the Trade channel New Estimates for the Euro Area
95
The Impact of Euro on Trade The Early Effect Is Not so Large
123
Fluctuations in the Dollar Do They Matter?
139
The Effects of Dollar Fluctuations on Private Consumption in the US
171
Index
199
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Page 2 - States, but the Chinese, with concerns about their own economy, have been reluctant to alter the peg. US CONCERNS ABOUT CHINA'S CURRENCY PEG Many US policymakers and business and labor representatives have charged that China's currency is significantly undervalued vis-a-vis the US dollar by as much as 40%, making Chinese exports to the United States cheaper, and US exports to China more expensive, than they would be if exchange rates were determined by market forces. They further argue that the undervalued...

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