| How often have we heard everything and its contrary when it comes to currency valuation or devaluation? Depending on whom you talk to, a strong EUR compared to the USD is a good thing when others will claim that a lower EUR would actually be better. In such context, you may actually wonder: “But where is the truth?”.
Professor Arturo Bris from IMD made a good job in this short video to explain the immediate effects of currency valuation or devaluation on the balance of trade of anyone country. Less than 3min to explain a complex macroeconomic concept with simple words in an educational manner . Well done, Professor Bris and thank you! |
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