Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/45510 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Bruegel Policy Contribution No. 2010/12
Verlag: 
Bruegel, Brussels
Zusammenfassung: 
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.
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