Floating rates worked for the Big Three currencies, forestalling traumatic crises for other currencies too.

Other Asian countries should let their currencies weaken, too.

East Asia s victims of currency crises were, like most other nations, on fixed rates pegged to the dollar, other major hard currencies, or baskets of currencies.

QE helped American exports by weakening the dollar relative to other currencies.

First, carry traders borrow in yen but invest in dollars and other currencies.

Countries that have outstanding debt in dollars or other foreign currencies are especially vulnerable.

Central banks have reportedly slowed their accumulation of dollars in favor of other currencies.

But what about currencies?

East Asia s victims of currency crises were, like most other nations, on fixed rates pegged to the dollar, other major hard currencies, or baskets of currencies. The central bank promised to redeem its own currency on demand by any holders, foreign or domestic, in prescribed amounts of hard currencies.

And that will require a less competitive euro higher relative to the dollar and other currencies.

They are also likely to encounter the same sort of problem with other possible reserve currencies.

Such emissions would reduce demand for US Treasury bonds and other liquid assets of preferred currencies.

We should pray that the kwacha gains the much needed strength against other convertible international currencies

If, on the contrary, they try to diversify into other currencies, they will drive down the dollar faster and create greater losses. They are also likely to encounter the same sort of problem with other possible reserve currencies.

Within this department, official entities can exchange SDRs the IMF s own international reserve asset for other currencies.

Wanted Chinese Leadership on Currencies

Ideally, Asian currencies would rise much more than 15 while European currencies would rise less.

China has essentially pegged its currency to the dollar, while most other currencies fluctuate more or less freely.

Floating Currencies are the Only Way

European currencies weakened against the dollar.

Worse still, other countries whose currencies have appreciated against the renminbi can look forward to a Chinese import invasion.

This has meant either a decline in asset prices quoted in dollars or in dollars quoted in other currencies.

Yet the rise in the euro, yen, and other currencies compensated for the fall in the dollar, preserving China s advantage.

Is there a fundamental misalignment of the euro with other currencies (most notably the dollar) and how long might this last?

Households would cut spending, and investors would reduce their American holdings, driving the dollar down against the Euro and other currencies.

Thus, for the dollar to depreciate further, it will have to depreciate against the currencies of China and other emerging markets.

Is there a fundamental misalignment of the euro with other currencies (most notably the dollar) and how long might this last?

Austrian, Italian, and Swiss regulators, seeing that their banks assets and liabilities were in their own currencies, looked the other way.

Moreover, the dollar s appreciation relative to other currencies has reduced import costs, putting competitive pressure on domestic firms to reduce prices.

Today, the misalignment of the dollar and the euro against the renminbi and other Asian currencies is increasingly becoming Asia s problem.

Regional currencies, flexible against the dollar and Euro, might be a better defense against financial panic than individual national currencies

CAMBRIDGE Where are global currencies headed in 2011?

If, on the contrary, they try to diversify into other currencies, they will drive down the dollar faster and create greater losses.

It is their unwillingness to do so at the existing exchange rate that causes the dollar to fall relative to other currencies.

Efficiency dictates the use of fewer and larger currencies (and foreign investors, understandably wary of weak and volatile currencies, demand it).

This is particularly true with respect to lending in foreign currencies to economic agents that do not have revenues in those currencies.

The only effect of the dollar s decline is to change the price in dollars relative to the price in euros and other currencies.

A country with reserves of the new global money could exchange it for hard currencies to sustain needed food imports or other goods.

Commodity currencies had to come off their meteoric highs.

Since then, most emerging market currencies have rebounded sharply.

All currencies fell against the dollar and the yen.

In simplified Chinese, the heart is missing. Different currencies.

Emerging market currencies were hammered, as were commodity currencies such as the Canadian, Australian, and New Zealand dollars, and the South African rand.

If the US dollar weakens in relation with other major currencies, China may not need to adjust RMB's nominal rate for quite a while.

If China doesn t allow the renminbi to strengthen, other emerging markets will remain wary of letting their currencies appreciate too much and lose competitiveness.