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In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. A monetary authority maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Devaluation
Chapter 2: Currency
Chapter 3: Gold standard
Chapter 4: Exchange rate
Chapter 5: Hong Kong dollar
Chapter 6: Balance of payments
Chapter 7: Bretton Woods system
Chapter 8: Currency board
Chapter 9: Indian rupee
Chapter 10: Mexican peso crisis
Chapter 11: Foreign exchange reserves
Chapter 12: Impossible trinity
Chapter 13: Floating exchange rate
Chapter 14: Nixon shock
Chapter 15: Revaluation
Chapter 16: Currency intervention
Chapter 17: Fixed exchange rate system
Chapter 18: London Gold Pool
Chapter 19: Currency war
Chapter 20: International use of the U.S. dollar
Chapter 21: Fear of floating
(II) Answering the public top questions about devaluation.
(III) Real world examples for the usage of devaluation in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Devaluation.
