Alfredo Pastor: Are We In A Currency War?

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Executive Summary

The unilateral actions of individual countries to devalue their currencies in order to boost the chances of their own recovery made for strained relations at the recent G-20 summit in Seoul. Some fear that these "Competitive devaluations" are doing more harm than good for global economic recovery. Are world economies on a collision course? IESE economics professor Alfredo Pastor considers the issue of "Currency wars."

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