econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Can the Euro Zone Use Beggar-Thy-Neighbor Policies Against the Rest of the World?

admin by admin
3월 8, 2015
in 미분류
0
0
SHARES
0
VIEWS

by Dirk Ehnts, Econoblog101

The euro zone is running a policy now that relies on weakening the euro. The depreciation of the euro will increase aggregate demand, at least in the medium to long-term, so policy makers seem to hope. However, it is widely unrealistic to think that other countries and regions will not retaliate with their own economic policies, quantitative easing and otherwise.

The NY Times reported some two weeks ago:

A number of countries – China most prominent among them – have long acted to hold down the value of their currencies against the dollar, helping their industries by keeping exports to American consumers cheaper and making goods from the United States more expensive.

And while every president from Bill Clinton on has repeatedly criticized the practice, none have ever taken formal action against China or any other nation to try to stop it.

Now, a growing bipartisan majority in Congress is coalescing around a demand that could derail President Obama‘s ambitious trade agenda before it really gets moving: include a robust attack on international currency manipulation or no deal.

The logic of turning the euro zone into a net exporter and running this as an economic strategy is flawed. While inside the euro zone the trade partners with the current account deficits had no choice but to take that position (what economic policy existing at that time could you have used to prevent them?) are in a deep crisis, the rest of the world has nominal exchange rates which can be adjusted. It will be interesting to see what the political economy dimension of this is. US gets TTIP, the euro zone gets a low exchange rate vis-a-vis the US dollar? Whatever it will be, the people get to vote on whatever those in power decide on.

Previous Post

Insider Trading 06 March 2015: Twitter, Blackstone Selling

Next Post

Does the Economy Need a War?

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Does the Economy Need a War?

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect