currency peg
description: type of exchange rate regime where a currency's value is fixed against the value of another single currency
69 results
Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead
by Kenneth Rogoff · 27 Feb 2025 · 330pp · 127,791 words
not going to do what Germany did in bailing out France in 1992. Our dollar, your problem. In effect, Mexico had entered a one-sided currency peg, just as European monetary authorities had done during the first decades after World War II. Unfortunately for Mexico, international capital flows had become much larger
…
slightest chance of Hong Kong ever abandoning its dollar peg, because the central bank was totally committed to it. Yam proved correct; the Hong Kong currency peg is still in place today, though how much longer it will last now that Hong Kong’s short-lived era of independence appears to have
Money in the Metaverse: Digital Assets, Online Identities, Spatial Computing and Why Virtual Worlds Mean Real Business
by David G. W. Birch and Victoria Richardson · 28 Apr 2024 · 249pp · 74,201 words
. These are where we are going. As Coppola has noted, research shows that the only type of stablecoin that can guarantee to hold its fiat currency peg under all conditions (and therefore be actually stable) is one that is fully backed by hard dollars in the manner of a currency board (Coppola
Crashed: How a Decade of Financial Crises Changed the World
by Adam Tooze · 31 Jul 2018 · 1,066pp · 273,703 words
was a devastating sudden stop. Then the central bank’s foreign exchange reserves would drain and it would have no option but to let the currency peg go. Stability would give way to a disastrous devaluation. Those who got their money out first would be saved. Those who had borrowed in foreign
Big Debt Crises
by Ray Dalio · 9 Sep 2018 · 782pp · 187,875 words
versus trade partners, which reflects the strength/weakness of a currency relative to the country’s trade partners. Typically, governments with gold-, commodity-, or foreign-currency-pegged money systems are forced to have tighter monetary policies to protect the value of their currency than governments with fiat monetary systems. But eventually the
…
and encouraging German citizens who had fled the currency during the hyperinflation to repatriate their savings. Earlier one-off measures (e.g., the short-lived currency peg, capital controls) hadn’t been enough—Germany needed a comprehensive and aggressive policy shift that abolished the currency, accepted hard backing, and placed extreme limits
…
are ‘inflows’ and domestic players buying/selling foreign assets are ‘outflows.’ core inflation: Inflation that excludes the prices of especially volatile goods, such as commodities. currency peg: An exchange rate policy in which a country tries to keep its currency at a fixed value to another currency, a mix of currencies, or
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly longer than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly longer than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a relatively long “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account balance improved
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly longer than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a relatively short “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account balance improved
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a relatively short “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account balance improved
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a relatively short “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account balance improved
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly longer than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a relatively short “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account balance improved
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
…
typically necessary to resolve the crisis), or print money to make up for money leaving (which can be inflationary). In this case, they abandoned the currency peg and, after a slightly shorter than average “ugly” phase, policy makers allowed enough tightening to flow through to reduce spending on imports (the current account
Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition
by Kindleberger, Charles P. and Robert Z., Aliber · 9 Aug 2011
deposits into gold. The deflationary pressure exerted by this reduction in US gold holdings, and by the depreciation of the British pound and of the currencies pegged to the pound, weakened the US banking system. The New York Fed did not ask for help or even for forbearance in the conversion of
The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order
by Benn Steil · 14 May 2013 · 710pp · 164,527 words
running through White’s blueprint for Bretton Woods in 1944, Nixon’s closing of the gold window in 1971, Rubin’s hailing of the Chinese currency peg in 1998, and Geithner’s condemnation of it in 2009: whether the United States supports fixed or floating exchange rates at any given point in
Currency Wars: The Making of the Next Gobal Crisis
by James Rickards · 10 Nov 2011 · 381pp · 101,559 words
else in Chinese policy would be subordinate to that goal. The surest way to rapid, massive job creation was to become an export powerhouse. The currency peg was the means to this end. For the Communist Party of China, the dollar-yuan peg was an economic bulwark against another Tiananmen Square. By
…
IMF. In the 1950s and 1960s, it had provided bridge loans to countries suffering temporary balance of payments difficulties to allow them to maintain their currency peg to the dollar. In the 1980s and 1990s it had assisted developing economies suffering foreign exchange crises by providing finance conditioned upon austerity measures designed
…
what Senator Chuck Schumer and other critics in the United States had been calling for. China now had no good options. If it maintained the currency peg, the Fed would keep printing and inflation in China would get out of control. If China revalued, it might keep a lid on inflation, but
…
new gold equivalent. Finally, the currencies themselves could become pegged to gold, or a new global currency backed by gold could be launched with other currencies pegged to it. At that point the world’s energies and creativity could be redirected from exploitation through fiat money manipulation toward technology, productivity improvements and
…
1920s currency convergence currency devaluations competitive dollar devaluation against gold, 1930s and 1970s 1930s and 1970s sterling devaluations Tripartite Agreement of 1936 and currency markets currency peg currency wars Atlantic theater benefits of chaos as outcome of Currency War I (1921–1936) Currency War II (1967–1987) Currency War III (2010–) Eurasian
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
by Stephanie Kelton · 8 Jun 2020 · 338pp · 104,684 words
actual results from this package are perverse: when countries sacrifice monetary sovereignty but cannot acquire sufficient foreign currency to defend the target exchange rate, their currency pegs collapse, potentially causing a downward spiral, as governments, businesses, and even households cannot favorably convert domestic currency to repay debts denominated in foreign currency.29
Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
by Matthew C. Klein · 18 May 2020 · 339pp · 95,270 words
the government’s control of the economy and financial system. Beijing therefore chose to buy trillions of dollars of foreign exchange reserves to sustain its currency peg. Between 1996 and the eve of the global financial crisis, SAFE spent $1.8 trillion accumulating foreign reserves, roughly two-thirds of which were invested
Money Mischief: Episodes in Monetary History
by Milton Friedman · 1 Jan 1992 · 275pp · 82,640 words
to the dollar value of the Hong Kong currency outstanding. An alternative arrangement is the one adopted by Chile and Israel: exchange rates between national currencies pegged at agreed values, the values to be maintained by the separate national central banks by altering ("coordinating" is the favorite term) domestic monetary policy appropriately
…
Price of Bullion, The (Ricardo), [>] History of Bimetallism in the United States, The (Laughlin), [>] History of Economic Analysis (Schumpeter), [>] Hofstadter, Richard, [>] Hong Kong currency pegged to British pound in, [>] currency pegged to U.S. dollar in, [>]–[>], [>] monetary policies of, [>]–[>] Hume, David, [>]–[>], [>] Hungary, hyperinflation in, [>] Hunt brothers, silver speculation by, [>] Hyperinflation, [>], [>], [>]. See also Inflation in
The Price of Time: The Real Story of Interest
by Edward Chancellor · 15 Aug 2022 · 829pp · 187,394 words
Why Aren't They Shouting?: A Banker’s Tale of Change, Computers and Perpetual Crisis
by Kevin Rodgers · 13 Jul 2016 · 318pp · 99,524 words
More Money Than God: Hedge Funds and the Making of a New Elite
by Sebastian Mallaby · 9 Jun 2010 · 584pp · 187,436 words
Unfinished Business
by Tamim Bayoumi · 405pp · 109,114 words
Mastering Blockchain: Unlocking the Power of Cryptocurrencies and Smart Contracts
by Lorne Lantz and Daniel Cawrey · 8 Dec 2020 · 434pp · 77,974 words
Paper Promises
by Philip Coggan · 1 Dec 2011 · 376pp · 109,092 words
Crisis and Dollarization in Ecuador: Stability, Growth, and Social Equity
by Paul Ely Beckerman and Andrés Solimano · 30 Apr 2002
The Euro and the Battle of Ideas
by Markus K. Brunnermeier, Harold James and Jean-Pierre Landau · 3 Aug 2016 · 586pp · 160,321 words
The Ascent of Money: A Financial History of the World
by Niall Ferguson · 13 Nov 2007 · 471pp · 124,585 words
The Death of Money: The Coming Collapse of the International Monetary System
by James Rickards · 7 Apr 2014 · 466pp · 127,728 words
Birth of the Euro
by Otmar Issing · 20 Oct 2008 · 276pp · 82,603 words
Take the Money and Run: Sovereign Wealth Funds and the Demise of American Prosperity
by Eric C. Anderson · 15 Jan 2009 · 264pp · 115,489 words
Austerity: The History of a Dangerous Idea
by Mark Blyth · 24 Apr 2013 · 576pp · 105,655 words
Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism
by Kevin Phillips · 31 Mar 2008 · 422pp · 113,830 words
The Shifts and the Shocks: What We've Learned--And Have Still to Learn--From the Financial Crisis
by Martin Wolf · 24 Nov 2015 · 524pp · 143,993 words
The Asian Financial Crisis 1995–98: Birth of the Age of Debt
by Russell Napier · 19 Jul 2021 · 511pp · 151,359 words
Red Flags: Why Xi's China Is in Jeopardy
by George Magnus · 10 Sep 2018 · 371pp · 98,534 words
Inflated: How Money and Debt Built the American Dream
by R. Christopher Whalen · 7 Dec 2010 · 488pp · 144,145 words
The Euro: How a Common Currency Threatens the Future of Europe
by Joseph E. Stiglitz and Alex Hyde-White · 24 Oct 2016 · 515pp · 142,354 words
What's Next?: Unconventional Wisdom on the Future of the World Economy
by David Hale and Lyric Hughes Hale · 23 May 2011 · 397pp · 112,034 words
The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis
by James Rickards · 15 Nov 2016 · 354pp · 105,322 words
European Spring: Why Our Economies and Politics Are in a Mess - and How to Put Them Right
by Philippe Legrain · 22 Apr 2014 · 497pp · 150,205 words
The Alchemists: Three Central Bankers and a World on Fire
by Neil Irwin · 4 Apr 2013 · 597pp · 172,130 words
MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them
by Nouriel Roubini · 17 Oct 2022 · 328pp · 96,678 words
Stolen: How to Save the World From Financialisation
by Grace Blakeley · 9 Sep 2019 · 263pp · 80,594 words
Global Governance and Financial Crises
by Meghnad Desai and Yahia Said · 12 Nov 2003
The Rise and Fall of Nations: Forces of Change in the Post-Crisis World
by Ruchir Sharma · 5 Jun 2016 · 566pp · 163,322 words
The End of Growth: Adapting to Our New Economic Reality
by Richard Heinberg · 1 Jun 2011 · 372pp · 107,587 words
Postcapitalism: A Guide to Our Future
by Paul Mason · 29 Jul 2015 · 378pp · 110,518 words
Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe
by Greg Ip · 12 Oct 2015 · 309pp · 95,495 words
Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined
by Lasse Heje Pedersen · 12 Apr 2015 · 504pp · 139,137 words
The Man Who Knew: The Life and Times of Alan Greenspan
by Sebastian Mallaby · 10 Oct 2016 · 1,242pp · 317,903 words
The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money
by Steven Drobny · 18 Mar 2010 · 537pp · 144,318 words
More: The 10,000-Year Rise of the World Economy
by Philip Coggan · 6 Feb 2020 · 524pp · 155,947 words
Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
by Satyajit Das · 15 Nov 2006 · 349pp · 134,041 words
The Making of Global Capitalism
by Leo Panitch and Sam Gindin · 8 Oct 2012 · 823pp · 206,070 words
The Bitcoin Standard: The Decentralized Alternative to Central Banking
by Saifedean Ammous · 23 Mar 2018 · 571pp · 106,255 words
The Great Economists: How Their Ideas Can Help Us Today
by Linda Yueh · 15 Mar 2018 · 374pp · 113,126 words
What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems
by Linda Yueh · 4 Jun 2018 · 453pp · 117,893 words
Shutdown: How COVID Shook the World's Economy
by Adam Tooze · 15 Nov 2021 · 561pp · 138,158 words
Reaganland: America's Right Turn 1976-1980
by Rick Perlstein · 17 Aug 2020
Why Stock Markets Crash: Critical Events in Complex Financial Systems
by Didier Sornette · 18 Nov 2002 · 442pp · 39,064 words
The Politics of Bitcoin: Software as Right-Wing Extremism
by David Golumbia · 25 Sep 2016 · 87pp · 25,823 words
Why It's Still Kicking Off Everywhere: The New Global Revolutions
by Paul Mason · 30 Sep 2013 · 357pp · 99,684 words
Losing Control: The Emerging Threats to Western Prosperity
by Stephen D. King · 14 Jun 2010 · 561pp · 87,892 words
Grave New World: The End of Globalization, the Return of History
by Stephen D. King · 22 May 2017 · 354pp · 92,470 words
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
by Nassim Nicholas Taleb · 1 Jan 2001 · 111pp · 1 words
How an Economy Grows and Why It Crashes
by Peter D. Schiff and Andrew J. Schiff · 2 May 2010
Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown
by Detlev S. Schlichter · 21 Sep 2011 · 310pp · 90,817 words
The Age of Turbulence: Adventures in a New World (Hardback) - Common
by Alan Greenspan · 14 Jun 2007
The Future Is Asian
by Parag Khanna · 5 Feb 2019 · 496pp · 131,938 words
The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse
by Mohamed A. El-Erian · 26 Jan 2016 · 318pp · 77,223 words
Crucible: The Long End of the Great War and the Birth of a New World, 1917-1924
by Charles Emmerson · 14 Oct 2019 · 950pp · 297,713 words
Poorly Made in China: An Insider's Account of the Tactics Behind China's Production Game
by Paul Midler · 18 Mar 2009 · 254pp · 14,795 words
Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet
by Klaus Schwab and Peter Vanham · 27 Jan 2021 · 460pp · 107,454 words
Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet
by Klaus Schwab · 7 Jan 2021 · 460pp · 107,454 words
All the Money in the World
by Peter W. Bernstein · 17 Dec 2008 · 538pp · 147,612 words
The Bond King: How One Man Made a Market, Built an Empire, and Lost It All
by Mary Childs · 15 Mar 2022 · 367pp · 110,161 words
We Need New Stories: Challenging the Toxic Myths Behind Our Age of Discontent
by Nesrine Malik · 4 Sep 2019