DEVALUING TO PROSPERITY (Record no. 30611)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02696 a2200217 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 130319b xxu||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 978-0-19-809232-2 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 332.41 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | BHALLA, SURJIT S. |
| 9 (RLIN) | 7716 |
| 245 ## - TITLE STATEMENT | |
| Title | DEVALUING TO PROSPERITY |
| Remainder of title | MISALIGNED CURRENCIES AND THEIR GROWTH CONSEQUENCES |
| Statement of responsibility, etc | BHALLA, SURJIT S. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc | OXFORD UNIVERSITY PRESS |
| Date of publication, distribution, etc | 2012 |
| Place of publication, distribution, etc | NEW DELHI |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | XVIII, 263 |
| Other physical details | HARD |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The last three decades have witnessed high economic growth in developing countries, a widening of global imbalances, and a sharp increase in reserve accumulation, especially among high-growth Asian economies. This book illustrates that these events are strongly linked via a consistent policy of currency undervaluation in Asian economies. From being one of the poorest countries just 30 years back, China is today arguably the largest country in the world in terms of purchasing power parity (PPP) of output. Its enhanced role in the global economy is linked, in part, to the manner in which it has set the exchange value of its currency. The demand for signi?cant revaluation of the Chinese yuan has been near universal in recent years. In Europe, a common currency, the Euro, brought large bene?ts to the member countries. But the loss of competitiveness from a strong Euro for some countries within the Eurozone precipitated large current account imbalances and hence the ongoing euro crisis. The book examines the veracity of various propositions relating to currency misalignments and their effect on several items of policy interest. It provides empirical evidences from 180 countries over 150 years to expose the methodological limitations. These limitations are caused by measurement problems in estimates of currency undervaluation in previous analyses of exchange rate management and growth. The book analyses such evidences to elucidate that<br/> <br/>• currency undervaluation leads to an increase in competitiveness and boosts investment and generates extra growth;<br/>• competitiveness can be enhanced by 'standing still', or accumulating reserves by preventing the currency from appreciation;<br/>• the global economic system becomes unstable if too many countries, especially large countries, pursue this beggar-thy-neighbour approach; and<br/>• the major realignment of the dollar has to come with respect to Asia (excluding Japan). |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Devaluation of currency. |
| 9 (RLIN) | 7717 |
| Topical term or geographic name as entry element | ECONOMIC DEVELOPMENT |
| Geographic subdivision | DEVELOPING COUNTRIES |
| 9 (RLIN) | 8091 |
| Topical term or geographic name as entry element | INTERNATIONAL TRADE |
| 9 (RLIN) | 8092 |
| Topical term or geographic name as entry element | MONETORY POLICY |
| 9 (RLIN) | 8093 |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Source of heading or term | DEVELOPING COUNTRIES |
| General subdivision | COMMERCE |
| 9 (RLIN) | 8094 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Item type | Book |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Collection code | Home library | Current library | Date acquired | Source of acquisition | Cost, normal purchase price | Total Checkouts | Full call number | Barcode | Date last seen | Cost, replacement price | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 19/03/2013 | DHARMA ENTERPRISES | 680.00 | 332.41/ BHA/ 19613 | 11119613 | 07/06/2022 | 850.00 | 19/03/2013 |