Home  Journals  Finance and Credit  13(445) - 2011 April

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

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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