Competitive devaluations in currency wars: financial projections of neo-protectionism

Abstract

The article examines the nature of a currency war as signs of neoprotectionism in terms of global challenges the global monetary system which came in yet another transformation period has faced. We analyze a mechanism of performance of competitive devaluations as a tool for improving the competitiveness of national economies. It is given the author's interpretation of the financial instruments of neo-protectionism thorough a thorough study of the latter.

Keywords

• Competitive devaluations
• fundamental imbalance
• financial protectionism
• currency war
• exchange rate