Vermeidung von Währungskriegen und Sicherung einer globalen Konjunkturerholung
von Tobias Rebholz, 08.2011
Selected for the Global Economic Symposium 2011
When recessions are severe and global, such as the one triggered by the financial crisis of 2007, they tend to lead to competitive devaluation of currencies. Such interventions raise unnecessary trade tensions, especially if accompanied by trade protectionist measures. The result is large disruption of global trade and further worsening of the global recession. As experiences of the Great Depression clearly show, the consequences of currency and trade wars would be felt by businesses, consumers and governments around the world. What is needed is a coordinated plan, which involves all trading partners, to tackle a global recession while ensuring balanced recovery.
Konzepte
Wesentliches Schlagwort: Wechselkurspolitik
Wesentliches Schlagwort: Zahlungsbilanzungleichgewicht
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