Why the Dollar Needs to Fall Further
Challenge, 2003, vol. 46, issue 5, 15-36
The author presents a comprehensive analysis of why the U.S. dollar is still too high. A lower dollar, he argues, is vital to sustain future growth. He believes a coordinated policy, led by the U.S. Treasury and the Federal Reserve, is required to bring the dollar down. Pressure must also be placed on Asian states to restrain them from keeping the value of their currencies so low.
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