Since 2014
The Devaluation of the United States Dollar: Causes and Consequences
Advances in Business Research
View Archive Info| Field | Value | |
| Title |
The Devaluation of the United States Dollar: Causes and Consequences
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| Creator |
Jones, Rita; Columbus State University
L'Oste-Brown, Lee; Columbus State University |
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| Subject |
Economics; Finance
Currency valuation; currency markets; economic downturn; foreign currency |
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| Description |
This paper identifies many of the challenges that the U.S. dollar faced between 2002 and 2008, and also the consequences Americans are facing because of the dollar's free fall in value. Implications of the United State's current activities, both inside and outside of its borders, are examined in order to determine the causes of the decline of the U.S. dollar. In addition, a potential remedy is presented and includes the formation of a coalition with other countries to begin allowing all currencies to float freely in the exchanges, thereby letting the market dictate currency prices. Of course, the likelihood of this is small. Another remedy that is within the power of the U.S. but also unlikely to take place is to reduce government spending as well as the ever-increasing deficits. If drastic actions such as these are not instituted, further declines in the dollar's value will take place, and the ramifications will be severe.
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| Publisher |
Tarleton State University and the University of Arkansas - Fort Smith
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| Contributor |
—
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| Date |
2010-12-14
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Articles Historical Inquiry; |
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| Format |
application/pdf
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| Identifier |
http://journals.sfu.ca/abr/index.php/abr/article/view/31
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| Source |
Advances in Business Research; Vol 1, No 1 (2010); 224-231
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| Language |
eng
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| Relation |
http://journals.sfu.ca/abr/index.php/abr/article/view/31/23
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| Rights |
Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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