Psychology Dictionary of ArgumentsHome
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| Currency policy: Currency policy refers to a government or central bank's strategies and actions regarding a nation's currency. It involves decisions on exchange rates, monetary supply, and interventions aimed at regulating currency value, stability, and its impact on trade, inflation, and the economy, often to achieve specific economic objectives or maintain competitiveness in global markets. See also Central Bank, Trade, Inflation, Interest rates, Interventions._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Milton Friedman on Currency Policy - Dictionary of Arguments
Brocker I 398 Currency Policy/Friedman: according to Friedman, no monetary policy is needed to regulate international monetary relations: if exchange rates are allowed to fluctuate freely, central banks no longer have to intervene in the currency markets in order to keep the relative prices of national currencies constant. Flexible exchange rates are then adjusted in the free play of market forces in such a way that free world trade is promoted, any differences in inflation between the nation states are compensated for and no country suffers major disruptions to its international competitiveness. >Competition, >Monetarism. In the 1960s, money supply management and flexible exchange rates were widely accepted economic policy concepts. Peter Spahn, „Milton Friedman, Kapitalismus und Freiheit“, in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Econ Fried I Milton Friedman The role of monetary policy 1968 Brocker I Manfred Brocker Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018 |
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