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Can you put a concrete example of a global heavyweight (e.g. a developed nation) that has a strong incentive to weaken its currency?
by lottin 5y ago
Can you put a concrete example of a global heavyweight (e.g. a developed nation) that has a strong incentive to weaken its currency?
- 3np 5y agoDid you read the links I provided? Also https://www.investopedia.com/articles/forex/042015/what-currency-war-how-does-it-work.asp https://www.investopedia.com/articles/forex/042015/what-curr...
- lottin 5y agoI read this article, and I fail to see how it supports your claim. Again, can you provide a specific example?
- 3np 5y agoSpecific examples are mentioned and references provided. EU, US, BoE, Mainland China
- lottin 5y agoIt just says that "according to a report in CNBC" in 2019 the BoE, the Fed and ECB were engaged in currency war. It provides zero evidence to back this assertion. At that time, the inflation rate in each and every of these regions, was below 2%, and fell further in 2020 [1]. This is not an example of a country weakening its currency. [1] https://data.oecd.org/price/inflation-cpi.htm https://data.oecd.org/price/inflation-cpi.htm