By: Research Recap
April 15, 2009 at 10:29 AM EDT
Emerging Markets Could Trigger Global Currency Devaluations
Oxford Analytica warns of a global race to devalue currencies as emerging market economies run out of options to deal with the effects of the recession. With the global economy shrinking at a rapid rate, all economies — emerging and mature — are searching for policies that generate domestic demand, rather than export competitiveness, OxAn says [...]
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