TITLE

Why the Dollar Will Weaken Further

AUTHOR(S)
FELDSTEIN, MARTIN
PUB. DATE
July 2011
SOURCE
International Economy;Summer2011, Vol. 25 Issue 3, p14
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the fall of the international value of the U.S. dollar wherein neither the U.S. government nor the U.S. Federal Reserve does anything to strengthen it or prevent it from falling. The author states that these inaction shows that U.S. dollar policy is more on achieving a competitive dollar than its strong international value. He states that the decline is caused by the U.S. large account deficit, large account surpluses, and increase consumer spending in China.
ACCESSION #
65358892

 

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