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Home > Art, Film & Photography > Trade Wars: Anglo-Irish Trade War, Banana Wars, Byzantine-Genoese War (1348-1349), Chicken Tax, Cod Wars, Currency War, Currency W
Trade Wars: Anglo-Irish Trade War, Banana Wars, Byzantine-Genoese War (1348-1349), Chicken Tax, Cod Wars, Currency War, Currency W

Trade Wars: Anglo-Irish Trade War, Banana Wars, Byzantine-Genoese War (1348-1349), Chicken Tax, Cod Wars, Currency War, Currency W


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 28. Chapters: Anglo-Irish Trade War, Banana Wars, Byzantine-Genoese War (1348-1349), Chicken tax, Cod Wars, Currency war, Currency War of 2009-2011, Customs war, German-Polish customs war, Pig War (Serbia). Excerpt: The Currency War of 2009-2011 is an episode of competitive devaluation which became prominent in September 2010. Competitive devaluation involves states competing with each other to achieve a relatively low valuation for their own currency, so as to assist their domestic industry. With the financial crises of 2008 the export sectors of many emerging economies have experienced declining orders, and from 2009 several states began or increased their levels of intervention to push down their currencies. Both private sector analysts and politicians including Tim Geithner have suggested the phrase currency war overstates the extent of hostility, but the term has been widely used by the media since Brazil's finance ministers Guido Mantega September 2010 announcement that a "currency war" had broken out. Other commentators including world statesmen such as Manmohan Singh and Guido Mantega suggested a currency war was indeed underway and that the leading participants are China and the US, though since 2009 many other states have been taking measures to either devalue or at least check the appreciation of their currencies. The US does not acknowledge that it is practicing competitive devaluation and its official policy is to let the dollar float freely. While the US has taken no direct action to devalue its currency, there is close to universal consensus among analysts that its quantitative easing programmes exert downwards pressure on the dollar. According to many analysts the currency war had largely fizzled out by mid 2011, though others including Mantega disagreed. As of March 2012, outbreaks of rhetoric have...


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Product Details
  • ISBN-13: 9781230793771
  • Publisher: Booksllc.Net
  • Publisher Imprint: Booksllc.Net
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Weight: 73 gr
  • ISBN-10: 1230793771
  • Publisher Date: 13 Sep 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Anglo-Irish Trade War, Banana Wars, Byzantine-Genoese War (1348-1349), Chicken Tax, Cod Wars, Currency War, Currency W
  • Width: 189 mm


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