But if the price of avoiding currency wars is even looser monetary policy, this brings risks of a different kind.
Hedging allows companies to fix the price of a currency months in advance.
So far Germans have grudgingly paid the bills she has presented as the price of saving the currency.
When a currency drops, the nominal price of hard assets in that currency generally rises.
It means that the euro will have to wait until the dollar falls before it strengthens, which will come, but that is the price of constructing a single currency without first building the culture, institutions and political base to support it more directly.
The Law of One Price: This principle is the beginning of currency valuation and it goes back over half a millennium.
It is generally accepted that commodity price trends mark the stability of the currency in which they are denominated.
All of this economic destruction is creating a perilous global race to devalue currencies for trade purposes against the dollar (a weaker currency makes the price of exported goods more attractive).
The former is considered by many to be a form of global currency while the latter tends to track its price at a fraction of the cost.
The best measure of a currency's true value is its price in gold, a standard measure of wealth for 4, 000 years.
Hyperinflation involves price increases running out of control as a currency collapses in value.
That will create opportunities for the sort of price-gouging that often accompanies currency changes.
Economic theory says increasing supplies of a currency leads to price inflation.
Indeed, all this proposal really does is fix the price of a particular commodity quoted in a particular currency.
The ubiquity of the sandwich worldwide has proven to have economic importance as well, as The Economist magazine has run its Big Mac Index since 1986, which compares the price of the Big Mac across countries to value currency.
But as long as it remains in the single currency, Cyprus - like the rest of southern Europe - cannot gain a cheap international price advantage by devaluing its currency.
BCV's objectives price stability and the maintenance of the value of the currency.
They are making a crucial mistake in confusing price changes resulting from fluctuations in supply-and-demand and productivity with price changes that come about from a debasing of the currency.
According to those very same pundits, Bernanke and company are leading us down the path of runaway price increases and a devaluation of the dollar that will eventually lead us to the mother of all currency crises.
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Meanwhile, share splits artificially inflated the price of livedoor shares, which were invariably used as the currency for acquisitions.
The arrival of Europe's single currency will also increase price competition in the euro area.
Many inputs will rise in price, but around 40% of his costs are in local currency, says Mr Sachetti.
Advocates of the currency say that its launch should lead to greater price transparency, with consumer power across Europe eventually forcing prices lower.
Predicted price rises for fuel will coincide with strong pressure for a devaluation of the currency, a toxic mix that has frightened off previous governments.
All of which seems like a rather high price to pay just to save a currency.
What Southeast Asian nations and others that may get swept up in the panic must recognize is this: A temporary tightening of credit to defend a currency is infinitely less costly than the price paid for devaluation.
In other news, reports said the price of spot gold in India hit a record high Thursday, basis the Indian rupee currency.
This combination of rising prices in the U.S. and slower price increases in strong currency countries over time offsets any short-term benefit that may be gained by devaluing the dollar.
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These things are well worth the price for the short- and long-term power of tax-rate reduction, sound currency and unclogged credit arteries.
As the U.S. expands the monetary base it pushes down the value of the dollar, and in so doing sparks demand and price fluctuations in commodity and currency values.
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