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Topic Summary

Posted by: DorrisMahn
« on: May 05, 2024, 07:10:45 AM »

Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale

Former U.S. Treasury Secretary Lawrence Summers said that currency interventions are ineffective at shifting exchange rates, even at the large magnitude that Japan has been thought to have deployed recently.
Source: Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale

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