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What a floating currency gives and what it does not - FT.com
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www.ft.com/...11-11e2-9e7f-00144feabdc0.html
floating currency benefits
shared by
Gene Ellis
on 10 Jan 14
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In times of panic, money tends to flee there from weaker member countries, causing fiscal and financial crises.
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Part of the reason performance has disappointed is that its fall in productivity growth has partly offset the devaluation.
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