In a recent Reuters online article, “Japan says TPP is not a place to negotiate currencies” http://www.reuters.com/article/2015/07/31/japan-economy-aso-idUSL3N10B06Y20150731, dated July 31st, 2015, Japanese Finance Minister Taro Aso made it clear that there would be no talks of manipulating currency rates in the TPP negotiations. 44 more words
Tags » Currency Manipulation
With the sudden depreciation of China’s renminbi, it’s worth looking at the link between currency values and trade agreements. China’s currency last week dropped by a cumulative 4.4% against the U.S. 626 more words
Extract from Arthur B. Laffer’s paper on currency manipulation:
419 more words
….Successful currency manipulation inhibits the exchange rate from acting as an automatic stabilizer to macroeconomic events, and thereby leads to growth and trade imbalances.