Zanny Minton Beddoes Quotes

Exchange-rate stability is extremely important.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

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

The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

Exchange rate understandings are of little use on their own.

It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players - exporters and importers, investors, borrowers, lenders.

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

Devaluations are never easy.

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

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.

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.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

You've had an extremely weak euro on the foreign exchange markets, you've had a very dubious policy being followed.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

I don't have a shred of regret about entering the exchange-rate mechanism.

Once you change your currency to another dominant nation's currency you become dependent, you stop being the master of your economy. You submit yourself to the rules and regulations of another country.

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

Many of the worst crises occur when there is a financial collapse in a country with pegged exchange rates. Both successful and unsuccessful defenses of a pegged exchange rate require large expenditure of foreign exchange reserves that could be used for investment or consumption. Both also require strong deflationary measures that severely reduce income, wealth, and living standards.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable.

A flexible exchange rate is important, and it shouldn't be artificially restrained because of the needs of the economy.

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

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