Manuscript Number : GISRRJ23667

Currency Devaluation and its Global Impact : An In-depth Descriptive Analysis

Authors(1) :-Dr. Priyanka Rastogi

This research paper has undertaken a comprehensive exploration of currency devaluation and its far-reaching global impact. Our in-depth analysis has revealed that currency devaluation, both historical and contemporary, is a complex phenomenon with multifaceted consequences that extend well beyond the borders of the devaluing nation. We have examined the concept of currency devaluation, differentiating between nominal and real devaluation, and delved into the motives behind it, encompassing economic, political, and speculative factors. By scrutinizing historical case studies such as the Latin American debt crisis, the Asian financial crisis, and the Great Depression, we have unearthed valuable lessons that remain pertinent in the modern era.In the contemporary context, our paper has highlighted how currency devaluation can reverberate across the globe, impacting international trade, financial markets, and capital flows. Case studies on recent currency devaluation events, including the Venezuelan bolivar crisis, the Eurozone debt crisis, and the effects of the COVID-19 pandemic, have underscored the ongoing relevance of this topic.The economic implications of currency devaluation on exchange rates, trade balances, inflation, and economic stability have been examined, shedding light on the intricate relationships at play. Furthermore, our research has exposed the socio-political impact of currency devaluation, including social unrest and political instability, and how governments respond to these challenges.Importantly, we have concluded with policy recommendations aimed at mitigating the effects of currency devaluation and fostering economic stability. These recommendations underscore the significance of international coordination and cooperation to address the global implications of currency devaluation effectively.In a world where financial markets are increasingly interconnected, understanding the intricate dynamics of currency devaluation is paramount. This research paper serves as a valuable resource for policymakers, economists, and anyone interested in comprehending the profound consequences of currency devaluation on the global stage. It underscores the need for proactive policy measures and international collaboration to manage the impacts of currency devaluation in an increasingly interconnected and interdependent world.

Authors and Affiliations

Dr. Priyanka Rastogi
Professor, Department of Business Administration, Rajshree Institute of Management & Technology, Bareilly, Uttar Pradesh, India

Currency, Devaluation, Global, Impact, Descriptive

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Publication Details

Published in : Volume 6 | Issue 6 | November-December 2023
Date of Publication : 2023-11-15
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 32-45
Manuscript Number : GISRRJ23667
Publisher : Technoscience Academy

ISSN : 2582-0095

Cite This Article :

Dr. Priyanka Rastogi , "Currency Devaluation and its Global Impact : An In-depth Descriptive Analysis", Gyanshauryam, International Scientific Refereed Research Journal (GISRRJ), ISSN : 2582-0095, Volume 6, Issue 6, pp.32-45, November-December.2023
URL : https://gisrrj.com/GISRRJ23667

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