Mises Daily
Author:
Antony P. Mueller
Online Publish Date:
the deliberate manipulation of the exchange rate in order to gain international competitiveness by way of currency devaluation. Competitive Devaluation Calling policies. The immediate cause of the currency war entering an acute stage is the policy of massive quantitative easing practiced by the US central bank. Whatever the declared in her inauguration speech that she will protect Brazil “from unfair competition and from the indiscriminate flow of speculative capital.” Guido Mantega,