Currency devaluation from "summary" of The Economic Consequences of Peace by John Maynard Keynes
The policy of currency devaluation involves a deliberate reduction in the value of a country's currency in relation to other currencies. This can be achieved by various means, such as reducing the official exchange rate or increasing the money supply in the economy. The purpose of currency devaluation is to make a country's exports cheaper and more competitive in the global market, thereby boosting its economy. However, currency devaluation can have both positive and negative consequences. On the positive side, it can help stimulate economic growth by increasing exports and attracting foreign investment. This can lead to job creation and overall prosperity for the country. Additionally, devaluation can help reduce trade deficits and improve the balance of payments. On the other hand, currency devalu...
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