Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat LCCN Permalink Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Currency rate as a stimulation tool for the developed countries' economies: problems and contovercies
Available online: 29 March 2011 Subject Heading: Foreign experience JEL Classification:
Recently most developed countries have implemented export-oriented strategies of national economies stimulation. For the strategy to be implemented effectively the national currency rate should be depreciate towards the currencies of the trade partners. The article is devoted to the theoretical issues of the world trade balance and the US trade balance determination by the currency rate (Marshall-Lerner’s model). The problems and perspectives of the US FRB’s policy in the aspect of dollar depreciation to the main world currencies are regarded. Keywords: exchange rate, devaluation, balance of payments, Marshall-Lerner conditions, foreign exchange market intervention |
ISSN 2311-8709 (Online)
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