How Long to Read Devaluing to Prosperity

How Long Does it Take to Read Devaluing to Prosperity?

It takes the average reader 4 hours and 26 minutes to read Devaluing to Prosperity by Surjit S. Bhalla

Assuming a reading speed of 250 words per minute. Learn more

Description

Experts have long questioned the effect of currency undervaluation on overall GDP growth. They have viewed the underlying basis for this policy--intervention in currency markets to keep the price of the home currency cheap--as doomed to failure on both theoretical and empirical grounds. Moreover, the view has been that overvalued currencies hurt economic growth but undervalued currencies cannot help in growth acceleration. A parallel belief has been that the real exchange rate--that is, a country's competitive ranking--cannot be affected by merely changing the nominal exchange rate. This view is grounded in the belief, and expectation, that inflation follows any devaluation of currency. Hence, the conclusion that the real exchange rate cannot be affected by policy. However, given China's remarkable performance in recent decades, this traditional view is being reexamined. China devalued its currency by large amounts in the 1980s and early 1990s; instead of inflation, it achieved high growth. Today, there is near-universal demand for China to significantly revalue its currency. This book examines the veracity of various propositions relating to currency misalignments, and their effect on various items of policy interest. The author subjects more than a century of global exchange rate management and growth outcomes to rigorous empirical analysis and demonstrates convincingly that a country can systematically devalue and yet prosper. The analysis helps in interpreting several phenomena, especially for the last three decades, which have witnessed high economic growth in developing countries, a widening of global imbalances, and a sharp increase in reserve accumulation, particularly among high-growth Asian economies. The book shows that these events are strongly linked via a consistent policy of currency undervaluation in Asian economies.

How long is Devaluing to Prosperity?

Devaluing to Prosperity by Surjit S. Bhalla is 263 pages long, and a total of 66,539 words.

This makes it 89% the length of the average book. It also has 81% more words than the average book.

How Long Does it Take to Read Devaluing to Prosperity Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 3 minutes to read Devaluing to Prosperity aloud.

What Reading Level is Devaluing to Prosperity?

Devaluing to Prosperity is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Devaluing to Prosperity?

Devaluing to Prosperity by Surjit S. Bhalla is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Devaluing to Prosperity by Surjit S. Bhalla on Amazon click the button below.