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Exchange Rates

7 posts

A law of many meanings: Exchange Actions under the GATT and IMF

Earlier this week, Simon Lester posted about the EU’s concerns with the undervaluation of the Chinese currency. He situated the recent demands for trade restrictions against a longstanding debate about the function of GATT Article XV:4.

More on the Trump Administration's Dollar Policy

Last May, I asked, "Does the Trump Administration Want a Strong or a Weak Dollar?" That post was about a House hearing with Treasury Secretary Scott Bessent, and I didn't get an answer to the question posed in the title of my post.

Does the Trump Administration Want a Strong or a Weak Dollar?

In a recent post, I brought up some of CEA Chair Stephen Miran's comments on the role of the dollar as the reserve currency, and wondered what the Trump administration's plans were on the value of the dollar: ... [Miran] makes clear that he wants the dollar

The Impact of Exchange Rates on Trade

From Canada's Financial Post: ... The data is clear that Canadian consumers can save major bucks if they head south of the border to buy their goods. A Bank of Montreal study released this month looked at a basket of goods and found on average Canadians were spending 20%

"the U.S. dollar just ain't what it used to be"

From Reuters: In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. "We had decided that money is money and we'll

Some Support for a WTO Agreement on Currency Manipulation

I've said before on this blog (see, e.g. here) that WTO rules on exchange rate manipulation would be useful. I didn't have any detailed proposal in mind; it was my gut instinct plus some very basic arguments. Well, now I can cite to some top-

Some Exchange Rate Items of Interest

Here are two unrelated items about exchange rates: 1. From Marginal Revolution: Canadian shoppers taking advantage of the parity between the U.S. and Canadian dollars are leaving behind more than cash when the head home. They're leaving behind their old clothes. Some Canadian shoppers wear their new