What is Currency Manipulation

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by Circle of Insight, 1 year ago
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Join Carlos Vazquez as he explores the psychology of currency manipulation. 
From currency management in Russia in 1918 to financial liberalization in modern-day New Zealand and Chile. The case studies of this wide-ranging exploration of financial institutions show that bridging the abyss between barter and a fully convertible currency is no less essential to economic prosperity today than it was eighty years ago. Sound and stable currencies have been easily eroded by government interventions; repressed, fragmented financial systems have been their corollary. Undoing this damage and reestablishing the strength of a currency is far more difficult, as the recent experiences of Argentina and Chile can attest.

Steve H. Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C.; a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing; a Special Counselor to the Center for Financial Stability in New York; and a contributing editor at Globe Asia Magazine. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and the Financial Advisory Council of the United Arab Emirates.

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  • Guest - Rakib Hossain

    Great article!!

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