Middle East Economic Survey

VOL. LIII

No 51

20-Dec-2010

GENERAL

Currency Wars Shaping Up As Currency Controls, Not Serial Devaluations

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

Policy makers and investors have been facing the spectrum of global currency wars due to the fear of a spiral of devaluations as a result of the second quantitative easing (QE2) taking place in the US. 1...