| China's decision to tweak its exchange rate peg with the dollar in August provoked reactionary howls of derision, from the United States to India, that Beijing was gearing up for a new wave of international currency warfare. But do currency wars really work?
Before its bi-annual World Economic Outlook in Peru, which wrapped up on Sunday, the International Monetary Fund waded into the debate. It released a definitive set of findings confirming that weaker currencies are still an effective tool for economies to expand their way out of trouble...............................................Full Article: Source
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