Currency War and International Trade Law: A Legal Perspective
The IUP Law Review, Vol. V, No. 4, October 2015, pp. 14-22
Posted: 21 Dec 2015
Date Written: December 21, 2015
Abstract
There is a close connection of value of currency and exchange and international trade as money is the media of all the trade and business. A good currency culture ensures a better growth of the international trade. A flourishing trade environment further ensures development and prosperity among the participants. But when it comes to regulate the exchange rate, the parties (governments) rely more upon diplomacy and politics which is not a sign of a good international trade culture. The existing laws relating to currency manipulations are insufficient to deal with the various maneuvers of the parties in the field of currency and exchange. This paper is an appraisal of underlying intricacies of the legal regime of currency manipulations and competitive devaluation.
Suggested Citation: Suggested Citation