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You don't need to share a currency in order to devalue it. Germany could have done it with the deutschmark. But I do agree with the overall point that the mon
by airesQ 10y ago
You don't need to share a currency in order to devalue it.
Germany could have done it with the deutschmark.
But I do agree with the overall point that the monetary policy is made for the whole, without fitting anyone particularly well.
- kalleboo 10y agoIt can be difficult though - Japan has been trying hard to devalue but as a safe-haven they keep getting thwarted by criseses happening around them causing people to pour in more investment.