#64 John T Harvey: Exchange Rate Theory - Is It As Horrifically Boring As It Sounds? (presentation)
The MMT Podcast with Patricia Pino & Christian Reilly
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Currency Dynamics: Devaluation vs. Depreciation
This chapter explores the differences between currency devaluation and depreciation, examining how government actions and market forces influence currency values. It further discusses the implications of fixed and flexible exchange rates through historical examples, emphasizing the trade-offs and vulnerabilities associated with each system.
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