A Strong U.S. Dollar Weighs on the World
https://www.nytimes.com/2024/04/29/business/a-strong-us-dollar-weighs-on-the-world.html
https://www.nytimes.com/2024/04/29/business/a-strong-us-dollar-weighs-on-the-world.html
The Election-Devaluation Cycle
https://www.project-syndicate.org/commentary/elections-this-year-will-test-nordhaus-devaluation-theory-by-jeffrey-frankel-2024-04
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, Argentina, Egypt, and Indonesia seem to bear this out.
https://www.project-syndicate.org/commentary/elections-this-year-will-test-nordhaus-devaluation-theory-by-jeffrey-frankel-2024-04
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, Argentina, Egypt, and Indonesia seem to bear this out.