This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 3 | leftPrevious Review Next Review right

Expand

Quick Tools:

Print Article Summary
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL Forthcoming Articles JEL Indexes (Members Only)
Book(s) Reviewed

Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences by Surjit S. Bhalla

Published By: Washington, D.C.: Peterson Institute for International Economics
ISBN: 978-0-88132-623-9
Date of Publication: 2012


Book Review Detail

Reviewed by: Michael P. Dooley of University of California, Santa Cruz
Review DOI: 10.1257/jel.51.3.883.r5
Review Pages: 890-91

Book Review Abstract

Michael P. Dooley of University of California, Santa Cruz reviews, "Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences" by Surjit S. Bhalla. The Econlit abstract of this book begins: "Explores the policy of currency undervaluation in Asian economies and considers the effects of currency misalignment on the global scale. Discusses the determinants of economic growth; currency valuation, savings, and the current account; measuring currency valuation; the yin and yang of investment; whether the real exchange rate is endogenous; Rashomon rules—U.S. dollar, Euro dollar . . .; currency valuation and growth; policy failures and growth miracles; mercantilism and miracles; institutions versus exchange rate policy; currency undervaluation—a time-tested policy for growth; economics of the yen and the renminbi; and changing times, changing views. Bhalla is Chairman of Oxus Investments."


Book Review Full-Text Access



Book Review Authors

Michael P. Dooley of University of California, Santa Cruz


JEL Classifications

F30: International Finance: General
F43: Economic Growth of Open Economies
O19: International Linkages to Development; Role of International Organizations
O24: Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
P33: Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid


Journal of Economic Literature


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us