I have been giving the issue of devaluation a bit of attention recently. In my view most people fail to understand the monetary aspects of currency moves – both within a floating exchange rate regime and with managed or pegged exchange regimes. I have already in my post “Exchange rates and monetary policy – it’s […]
All posts found when searching for currency war
Bring on the “Currency war”
Posted by Lars Christensen on March 5, 2012
https://marketmonetarist.com/2012/03/05/bring-on-the-currency-war/
The Troubled Currencies Project
The always busy and innovative monetary thinker Steve Hanke has started a new very interesting project – The Troubled Currencies Project – as a joint project between Cato Institute and Johns Hopkins. Here is what Steve has to say about the project: “For various reasons — ranging from political mismanagement, to civil war, to economic sanctions — […]
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Posted by Lars Christensen on July 22, 2013
https://marketmonetarist.com/2013/07/22/the-troubled-currencies-project/
The “Weidmann rule” and the asymmetrical budget multiplier (is the euro zone 50% keynesian?)
During Christmas and New Years I have been able to (nearly) not think about monetary policy and economics, but I nonetheless came across some comments from Bundesbank chief Jens Weidmann from last week, which made me think about the connection between monetary policy rules and fiscal austerity in the euro zone. I will try address these […]
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Posted by Lars Christensen on January 2, 2014
https://marketmonetarist.com/2014/01/02/the-weidmann-rule-and-the-asymmetrical-budget-multiplier-is-the-euro-zone-50-keynesian/
The Sudanese Pound – another Troubled Currency
A couple of days ago I wrote about Steve Hanke’s new Troubled Currencies project. The project presently covers Argentina, Iran, North Korea, Syria andVenezuela. However, I think Steve now has to expand the list with the Sudanese pound. This is from Reuters yesterday: Sudan’s currency has fallen to a record low against the dollar on the black market […]
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Posted by Lars Christensen on July 25, 2013
https://marketmonetarist.com/2013/07/25/the-sudanese-pound-another-troubled-currency/
Too easy AND too tight – the RBI’s counterproductive stop-go policies
Only a couple of days ago I was complaining that the Turkish (and the Polish) central bank(s) have been intervening in the currency markets. My complains of the Turkish central bank’s fear-of-floating and what seemed to be politically motivated monetary operations were then followed by the Brazilian central bank that hiked interest rates – officially to […]
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Posted by Lars Christensen on July 17, 2013
https://marketmonetarist.com/2013/07/17/too-easy-and-too-tight-the-rbis-counterproductive-stop-go-policies/
Is monetary easing (devaluation) a hostile act?
One of the great things about blogging is that people comment on your posts and thereby challenge your views and at the same time create new ideas for blog posts. Therefore I want to thank commentator Max for the following response to my previous post: “I don’t think exchange rate intervention is a good idea for […]
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Posted by Lars Christensen on July 4, 2012
https://marketmonetarist.com/2012/07/04/is-monetary-easing-devaluation-a-hostile-act/
Christmas musings on life, money and blogging
As year is coming to an end I am sure that a lot of you like myself are reflecting on life and the world you live in. Here is a bit of what I have been thinking about this year and about what I think will be my focus in my blogging in the coming […]
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Posted by Lars Christensen on December 26, 2013
https://marketmonetarist.com/2013/12/26/christmas-muslings-on-life-money-and-blogging/
No ‘General Theory’ should ignore the monetary policy rule
John Maynard Keynes famously titled his magnus opus from 1936 The General Theory of Employment, Interest and Money. However, General Theory, as it is generally known, is nothing of the kind. It is not a General Theory of macroeconomics – rather it is a specific theory of macroeconomics making very specific assumptions about the workings […]
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Posted by Lars Christensen on January 23, 2014
https://marketmonetarist.com/2014/01/23/no-general-theory-should-ignore-the-monetary-policy-rule/
BIS is fearful of bubbles, but is not always right (remember the gold standard?)
I think there is a bubble in bubble fears. This is particularly the the case for central bankers and institutional monetary institutions. Here Ambrose Evans-Pritchard in the Telegraph: The two watchdogs launched broadsides against central bank largess last week. The BIS — the forum of central banks — was particularly blunt, seeming to imply that quantitative easing […]
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Posted by Lars Christensen on May 21, 2013
https://marketmonetarist.com/2013/05/21/bis-is-fearful-of-bubbles-but-is-not-always-right-remember-the-gold-standard/
Depression Remedy – what we can learn from old newspaper articles
I strongly believe that we can learn a lot about the present crisis from studying economic and monetary history. Particularly the study of the Great Depression should be of interest to anybody who is interested in the causes of the present crisis and how to get us out of the crisis. Scott Sumner would hence […]
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Posted by Lars Christensen on April 28, 2013
https://marketmonetarist.com/2013/04/28/depression-remedy-what-we-can-learn-from-old-newspaper-articles/
