Question
If we only had one international currency, governments could not conduct economic warfare through currency manipulation (e.g. by keeping their currency weak to promote exports).
If we only had one international currency, governments could not conduct economic "warfare" through currency manipulation (e.g. by keeping their currency weak to promote exports). List and briefly explain some other benefits or disadvantages of a single global currency.
PLEASE EXPLAIN THOROUGHLY AND WRITE IN FULL PARAGRAPHS TO PROVIDE BOTH, ADVANTAGES AND DISADVANTAGES!
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
