Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (5669)	7/9/2001 1:15:39 PM
From: yard_man	Read Replies (2) of 74559

How can the US "devalue"? Devalue == ? reset the rate of exchange between the dollar and other currencies How could we do this without agreement and coordination with other countries? I don't understand "competitive" devaluation -- if everyone tries to fix an exchange rate that lowers the value of their own currency relative to others -- wouldn't we be back in the same place we started at? How would that be worse? I don't think the US would attempt an explicit "devaluation" of the dollar vs. other currencies. Indirect means would be better for a 'unilateral' policy (supposing that were a goal), no?

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