Currency Exchange in a Globalized World

Dimitris N. Chorafas

Chapter 4 in The Changing Role of Central Banks, 2013, pp 83-103 from Palgrave Macmillan

Abstract: Abstract Every country, or nearly so,1 has a currency, but in a globalized world because of investments, trade, tourism, and other reasons one currency must be exchanged into another. Foreign currency exchange (forex) has not been one of the traditional responsibilities of central bankers but is at a lower standing than monetary stability—though reserve institutions have collaborated with the government in raising or (much more frequently) lowering the value of the national currency to: Promote exports, and Cancel the effects of internal inflation on competitiveness.

Keywords: Exchange Rate; Gross Domestic Product; Monetary Policy; Central Bank; Current Account (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33228-8_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137332288

DOI: 10.1057/9781137332288_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().