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Monday, March 29, 2010

Global crisis, Act IV: Currency turmoil starts to wreak havoc | The Japan Times Online

Global crisis, Act IV: Currency turmoil starts to wreak havoc | The Japan Times Online

1 comment:

  1. This japanese economist (Noriko Hama) mentions that every country wants to be an exporter...this happened on 1930's era and it elicited protectionism which brought currencies down ... he sees a correlation with then and now: everyone wants to be an exporter and in order to do so currency have to devalue ....

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