英语论文网

留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心 我要定制

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal

英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献

ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter

澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文

小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法

英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查

temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语

经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目

日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题

职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意

商务英语翻译论文广告英语商务英语商务英语教学

无忧论文网

联系方式

国外大学Exchange Market留学assignment 货币战争和外汇市场 [4]

论文作者:英语论文论文属性:作业 Assignment登出时间:2014-11-07编辑:yangcheng点击率:14877

论文字数:4212论文编号:org201411051340181662语种:英语 English地区:美国价格:免费论文

关键词:货币战争外汇市场Economics Essay就业机会

摘要:本文基于历史,是一篇分析货币战争和外汇市场的留学生作业,世界已经经历了许多次战争,其中包括两次世界大战。战争总是有理由的,并且从来都百害而无一益。当今的经济世界正在经历着一场新型的战争,就是所谓的货币战争。

pressures. Such interventions are usually effective in devaluing the currency but lead to a build-up of foreign exchange reserves beyond what the central bank may need’ (Basu,2009). China did this which has left it with a foreign reserve of $2.6 trillion.

 

The above discussion suggests that the central bank has many tools to intervene in the exchange rate market.

 

DEPRECIATION OF STERLING AND UK ECONOMY

 

As we have already established that currency value plays an important role in an economy’s growth and that is why we are experiencing a ‘Currency War’. Now we would critically evaluate the Bank of England’s view on the effects of the depreciation of sterling on UK economy.

 

The sterling has depreciated a lot since the financial crisis in 2007. It was down by 30% though it has again regained 10% but it is still a lot low then what it was.

 

Cumulative change in selected sterling exchange rates since August 2007

 

Source: Interpreting recent movements in sterling

 

Weak currency has some reactions in an economy. Two things immediately come in mind – inflation and export. Bank of England, the central bank of England, having a targeted inflation policy has monetary policy committee (MPC) to work on this. ‘The impact on inflation of sterling’s depreciation has been larger than the MPC had initially anticipated. In part, that may reflect the recognition by market participants and businesses that a substantial decline in the real value of sterling was necessary to re-balance the economy and the fall was consequently likely to be permanent’ (Bean, 2011). The depreciation in sterling has contributed to increase in inflation which at the moment is 4% that is higher than the BOE’s target of 2%. This depreciation has led to the increase in export which is represented by the good performance of the manufacturing sector. ‘The manufacturing and construction sectors were estimated to have grown strongly during the second quarter and manufacturing year-on-year growth was now at its highest level for over fifteen years’ (MPC,2010).

 

As we know that inflation and exchange rate is very closely related. Here comes an issue of the depreciation of sterling. On one hand it has contributed to the rise in inflation which is above the target rate and on the other it has led to an increase in export. The near term and long term inflation rate is uncertain. ‘Near-term prospects for inflation remained unusually uncertain and sensitive to the impact of a number of factors whose impact were difficult to evaluate accurately’ (MPC, 2010). Also the benefit of depreciation of sterling is not all that great. As has been seen the export has not increased to the extent it should have 论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非