Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45510
Authors: 
Darvas, Zsolt
Pisani-Ferry, Jean
Year of Publication: 
2010
Series/Report no.: 
Bruegel policy contribution 2010/12
Abstract: 
In this paper, original written for the Economic and Monetary Affairs Committee (ECON) of the European Parliament on 30 November as part of the series entitled 'The threat of currency wars: global imbalances and their effects on currencies', Bruegel Fellows Jean Pisani-Ferry and Zsolt Darvas argue that the currency war has three manifestations: 1) the inflexible pegs of undervalued currencies; 2) attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should primarily be concerned about the first issue, which relates to the renewed debate about the international monetary system.
Document Type: 
Working Paper
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