Joseph Stiglitz Quotes About Currency

Quotes about: Currency

• The IMF insisted that both Russia and Brazil maintain their currency at over-valued levels. Who are you protecting when you try to maintain that exchange rate by having high interest rates? You're protecting domestic and foreign firms that have gambled on the exchange rate. And who is paying the price? The small businesses that did not gamble [and no longer can afford loans], the workers who are going to be put out of jobs.

  Joseph Stiglitz

  Jobs, Russia, Trying

  Source: www.progressive.org

• In a globally integrated economy, the biggest challenge is to make sure there is adequate global aggregate demand, achieved through spending, when countries like China feel they must save high levels of dollar reserves to protect against international currency volatility.

  Joseph Stiglitz

  Country, Challenges, Economy

  Source: www.huffingtonpost.com

• The proposal for a new global reserve currency - or Special Drawing Rights - is a good idea for many reasons. Yes, for the Chinese it would cushion any fall in the value of the dollar per se because it would only be part of a basket of other currencies, including the yen and the euro.

  Joseph Stiglitz

  Fall, Chinese, Special

  Source: www.huffingtonpost.com

• The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world politics and economics, led by China.

  Joseph Stiglitz

  World, Today, Currency

  Source: www.huffingtonpost.com

• facebook
• twitter
• googleplus
• email
• linkedin

• facebook
• twitter
• googleplus
• email
• linkedin