Devaluing to Prosperity

by Surjit S. Bhalla

Devaluing to Prosperity takes a series analysis for the management of currency exchange and growth for more than one century which draws a conclusion that the real exchange rate would be influenced by the devaluation of nominal rate, and the devaluation of currency value is helpful for the increase of the value. However, if most of the country (particular the countries of great power) pursuit the principle of do harm to a neighbor country, the global economy will be unstable.

315 pages, Paperback

Published March 1, 2015