The authors (a senior fellow and a research analyst with the Peter G. Peterson Institute of International Economic) examine the theory and empirical evidence concerning exchange rate policy in the adv
This study addresses a fundamentally new feature of the contemporary world economy: the simultaneous buildup of very large public deficits and debt positions in virtually all of the advanced high-inco
Conflicts over currency valuations are a recurrent feature of the modern global economy. To strengthen their international competitiveness, many countries resort to buying foreign currencies to make t