What is Devaluation

In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. A monetary authority maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Devaluation

Chapter 2: Currency

Chapter 3: Gold standard

Chapter 4: Exchange rate

Chapter 5: Hong Kong dollar

Chapter 6: Balance of payments

Chapter 7: Bretton Woods system

Chapter 8: Currency board

Chapter 9: Indian rupee

Chapter 10: Mexican peso crisis

Chapter 11: Foreign exchange reserves

Chapter 12: Impossible trinity

Chapter 13: Floating exchange rate

Chapter 14: Nixon shock

Chapter 15: Revaluation

Chapter 16: Currency intervention

Chapter 17: Fixed exchange rate system

Chapter 18: London Gold Pool

Chapter 19: Currency war

Chapter 20: International use of the U.S. dollar

Chapter 21: Fear of floating

(II) Answering the public top questions about devaluation.

(III) Real world examples for the usage of devaluation in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Devaluation.