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Debates Over Exchange Rates: Overview And Issues For Congress.pdf

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Preview of Debates over Exchange Rates: Overview and Issues for Congress
🔗 Source: fas.org
📊 Size: 1.06 MB
👤 Author: R43242
⬇️ Downloads: 105

Summary

Exchange rates significantly impact the global economy, affecting import and export prices and overseas investment values. Concerns have been raised that some countries, particularly China, manipulate their currencies to gain an unfair trade advantage. A weak currency can increase exports and job creation but may also make it harder for other countries to compete in global markets. The International Monetary Fund and US law address currency manipulation, but no country has been cited since China in 1994. Recent legislation and developments, including the Trade Promotion Authority and the renegotiation of the North American Free Trade Agreement, have focused on combating currency manipulation.

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Description

Exchange rates significantly impact the global economy, affecting import and export prices and overseas investment values.

Technical Information

  • File Format: PDF
  • File Size: 1.06 MB
  • Pages: 29
  • Language: EN
  • Author: R43242
  • Total Downloads: 105
  • Last Updated: 6 days ago

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