Gita Gopinath Quotes

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

Chances are the movements of the euro as against the dollar will be relatively moderate.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

Americans have seen the value of the dollar slowly decline due to the steady erosion of inflation.

A stronger dollar increases U.S. dollar purchasing power.

My theme this evening is that America needs a competitive dollar.

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

During the past two decades, inflation has fallen to a low level in major industrial countries.

There's a lot of companies that profit from a weak dollar.

The prices of all imports would rise if the dollar depreciates.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

Our research led on to other things, such as the fact that exchange rates are not lognormally distributed.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

If, when Money is rais'd [inflation or devaluation], Goods keep the Prices they had before. Then all Goods exported are sold for a lesser Value abroad, and all Goods imported are sold dearer.

I understand that the rupee is fairly market determined.

There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

I hope that more Canadians will become interested in in how the inflation rate target affects our purchasing power, our standard of living and therefore our life.

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

Deflation isn't good, and inflation is easier to cure than deflation.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.