Fed study shows dollar fall could boost growth

A study by the Federal Reserve says a substantial fall in the value of the US dollar is likely to boost economic growth rather than cause an economic crisis.

In the paper, Federal Reserve researchers analysed 23 episodes of current account adjustments in developed countries in past decades for evidence of a "disorderly correction" the phrase it uses rather than "crises," of current account deficits -- a sharp drop in the exchange rate that pushes interest rates up, depresses stock prices and w