Monday, November 26, 2007

Your Call 112707 The Falling Dollar

What explains the rapidly falling value of the U.S. dollar? On the next Your Call, we'll speak with economists about how the dollar's groundbreaking lows are affecting the U.S. economy. Earlier this month, the dollar dropped to a 26-year low against the British pound. And this past week, it hit a record low against the euro. How does its decreased value affect the U.S. in terms of trade and wages? The dollar is still at the center of financial markets around the world, so how are countries like China responding? It's Your Call with me, Rose Aguilar and you.

Ronald I. McKinnon
Professor of International Economics, Stanford University
James K. Galbraith
Chair in Government/Business Relations at the School of Public Affairs, The University of Texas at Austin, and chair of Economists for Peace and Security.
Click to Listen: The Falling Dollar