VIDEO: Currency Wars, a Faculty Panel

2011 Volume 14 Issue 2

“One major unresolved issue of the 2008 global financial crisis seems to be the determination of the future for the International Monetary System (IMS), or, in layman terms, the way we handle trade imbalances and pay each other globally.  Historically, every major financial and social crisis ended with a re-designing of the IMS; are we staring down a major global currency war?”

This is the question that begins “Currency Wars,” a panel discussion of Graziadio faculty members. Moderated by Davide Accomazzo, adjunct professor of finance and Managing Director at Cervino Capital Management, the panel features Peggy Crawford, PhD, professor of finance; Edward Fredericks, practitioner faculty of finance and principal of Eastwind Asset Management, and Clemens Kownatzki, adjunct professor of financial risk management and founder and CEO of FX Investment Strategies. The panelists debate issues ranging from the revaluation of the Renmimbi, the effectiveness of recent monetary and fiscal policy, and the future of the currency system.

About the Author(s)

Graziadio Business Review, is an online journal that delivers relevant business information and analysis for business, government, and non-profit managers. From accounting and finance to ethics and work/life balance, the Graziadio Business Review extends current business debates in new directions that you can use to advance your business and professional career.

Comments

Ray M. Valadez

June 10, 2011 at 1:54 pm

Nice exchange of thoughts on currency policy and the dynamics of FX exchange. One consideration is the traditional concept of the demand for a currency versus another currency that fulfills the trade objectives of countries. When one country’s citizens buys the products of another country, the demand for that foreign currency increases. The FX exchange is nothing more than a response to leveling the playing field among nations.