November 24, 2019

We identify a downward secular of the monetary policy component of the nominal exchange, not a good trend and should be of concern to monetary economists. The data points to a gradual erosion or secular weakening of the foreign exchange value of the dollar. The downward trend takes us back to the late 1960’s. which raises the issue of whether we are witnessing a gradual dismantling of a monetary arrangement that until now has provided a reasonable price stability around the globe? If the deterioration accelerates, bad things will happen. Just remember the 1970’s.

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format