…happen to the deficit if exports now start to weaken. Something will have to give and I suspect that that something will be the US currency. The dollar has been…

…boost to the US dollar as foreign currency holdings are exchanged into the US currency. My view of the situation is that the act will probably succeed in attracting offshore…

…advantage — an undervalued currency. China’s currency — the renminbi or yuan — has been pegged to the dollar in a narrow range between 8.276 and 8.28 since 1994…. Analysts…

…to their currency? With too much demand for their currency from imports, their currency would appreciate making their exports most costly. They want to keep their exports cheap. So China…

…bond investors are also showing signs of retreating. Moreover, the declines in currency values have expanded outside the “Fragile Five” of Brazil, India, Indonesia, South Africa and Turkey to include…

…confusion: even some of the most careful money-thinkers out there (e.g. Isabella Kaminska, J. P. Koenig) frequently confute “money” with “currency-like things.” It’s understandable — we’ve always considered Roman coins…

…“ever closer union” but also free capital markets tend to limit the choice to float or currency union. Thinks aren’t going well over here — I blame Columbus. No Columbus…

…debt may be denominated in a foreign currency to attract foreign investors worried about depreciation. A currency depreciation during a crisis raises the value of the debt on the balance…

I think that the Greeks would be wise to abandon the Euro and introduce their own currency. Very few Greeks agree with me. Also many very smart economists around the…

…less flexible exchange rate regimes are associated with increases in bank credit and a higher share of foreign currency in bank credit. On the other hand, the exchange rate regime…