Seeking to boost recovery at home, some advanced-country central banks have increased money supply sharply, sending return-hungry investors to developing countries in search of higher returns. That dynamic, many experts and developing-country officials warn, will lead to competitive exchange-rate devaluations. Should advanced countries tighten monetary policy? What are the consequences for global cooperation if they don’t?
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Beggar Thy Currency Or Thy Self?
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Will the Global Economy Add Up?
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Jan 21, 2013 Lawrence H. Summers
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National Drift or Global Mastery
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Jan 21, 2013 Gordon Brown
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