How Currency Devaluation Works
The Rosen Publishing Group, Jan 15, 2011 - Juvenile Nonfiction - 80 pages
Currencies are an essential part of our world economy and this book breaks down the mechanics of currency devaluation, which is often used as an economic strategy by countries to maintain their economy. Readers will learn about what currencies are, why they are so important, and the methods used by economic authorities for regulating their currencies.
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What Is Currency Devaluation?
Causes of Currency Devaluation
Growth of Currency Devaluation
Effects of Currency Devaluation
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amount Asian countries billion bought buy and sell Canada cell phones central bank competitive currency devaluations cost coun country’s currency country’s economy currency on purpose currency traders currency’s value current account demand for currency devalue its cur devalue its currency devalue their currencies dollar’s value earning more money economic growth economy grow euros example exchange rate system Federal Reserve fixed exchange rate fixed rate floating exchange rate forced to devalue foreign countries foreign exchange market foreign exchange reserves foreign investors gold standard Hong Kong Iceland ination inflation interest rates investments investors buy Japan Japanese Japanese yen krona loans lower the value lowers interest rates means money supply nancial account OPEC pegged system pound push putting more money rency sell currencies South Korea speculators supply and demand system and devalue trade balance trade deficit trade surplus tral bank U.S. dollar equaled United Kingdom yuan