My understanding from my undergrad Money and Banking course (someone else may learn the same topic from a differing vantage point) is that even if all countrie

My understanding from my undergrad Money and Banking course (someone else may learn the same topic from a differing vantage point) is that even if all countries are printing money at the same time different countries print differing amounts of money because they either have some comparative advantage in some good or service they can produce or none at all.