id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ijassa-139	Forrest, Jeffrey; Hopkins, Zack; Liu, Sifeng	Currency Wars and A Possible Self-Defense (I): How Currency Wars Take Place	2013	20	.pdf	application/pdf	8854	340	49	He believes that in order to prevent their currencies to devaluate, countries with either a fixed exchange rate system or pegged exchange rate system would pay the price of either spending their international reserves or increasing inflation due to their raising domestic interest rates; when the governments give up on the fixed exchange rate system or the pegged exchange rate system, their currencies experience drastic drops in value, leading to currency crises. This work is organized as follows: In the first part, with relevant concepts sys- tematically gathered in Section 2, recent speculative attacks and currency crises Jeffrey Forrest: Currency Wars and A Possible Self-Defense (I): How Currency Wars ... 200 are compared in Section 3.	cache/ijassa-139.pdf	txt/ijassa-139.txt