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A Currency War Won’t Remedy Trade War Tensions
Monetary policy should not be used to cause currency wars, nor to create or prolong artificial competitive advantages in trade.
06 Aug 2019, 08:27 PM IST
At the Group of 20 Summit in Osaka on 28-29 June, world leaders discussed threats to free, open trade from tariff wars. Underlying their protestations against protectionism were fears about foreign exchange markets. They, along with businesspersons, economists, policy analysts, and lawyers, appreciate that rising, reciprocal trade barriers are linked to the relative strengths of currencies. The pricing of merchandise across borders i...
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