Devaluing the currencies to maintain competitiveness
Question: Countries with high inflation need to keep devaluing their currencies to maintain competitiveness. But countries that try to maintain their competitiveness by devaluing their currencies only end up with even higher inflation. Discuss.
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Calculating the Expected return for a portfolio is valuable, because it can be used to forcast the future value of the portfolio.
Countries with high inflation need to keep devaluing their currencies to maintain competitiveness.
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