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The Election-Devaluation Cycle

In 1975, the Nobel laureate economist William D. Nordhaus suggested that developing economies might seek to prop up the value of their currencies before an election, only to undergo a devaluation soon after. Recent experiences in Nigeria, Turkey, Arg

By: Project Syndicate

May 24 2024
27
2991 Views

In 1975, the Nobel laureate economist William D. Nordhaus suggested that developing economies might seek to prop up the value of their currencies before an election, only to undergo a devaluation soo… [+6272 chars]