In the month of February 2013, the G20 finance ministers met in Moscow, Russia to talk about the rising worries over a possible international currency war. It was speculated that particular states were purposely devaluing their currencies in order to boost their competitiveness in global markets.
The important central banks insisted that such policies were needed for reviving economic growth both domestically and internationally. Would these policies successfully develop a resurrection of the growth? Can the expansionary monetary technique be taken as “beggar-thy-neighbor” actions by the evolving markets? Should developing countries respond?
PUBLICATION DATE: March 18, 2013 PRODUCT #: 713074-HCB-ENG
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