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The devaluation debate - why do countries want a weaker currency?

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The devaluation debate - why do countries want their currencies to be weak? http://www.financial-spread-betting.com/Foreign-exchange.html David Morrison Market Commentator and Trader comments. If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date! The argument for having a weaker currency is that you can export more and its good for your balance of payments. But its a bit of a fallacy really because there are two sides to this. Yes, if you have a weaker currency and if you're producing products in your country and people from outside want to buy these products and your currency is cheaper relative to theirs, then it is more attractive to buy your products. But if you are a country like Japan which has to import more materials to make those products in the first place, the fact that you have a weaker currency makes those raw materials more expensive. A weaker currency is also inflationionary and all countries are desperate to create inflation to reduce their debts.
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Text Comments (3)
Mayank kumar Sharma (1 month ago)
I think this can be say as apple vs Samsung
Ayuba John (8 months ago)
This should always know that weak currency is bad for the citizen to import
David Perez-Hernandez (3 years ago)
Can you explain, "A weaker currency is also inflationionary and all countries are desperate to create inflation to reduce their debts." more in depth?

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