Say you buy a factory in Brazil. When Brazil devalues its currency, that factory's value in dollars drops dramatically so your investment is worth a lot less. People are less likely to invest in a country that's prone to devaluations,
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A good example is Mexico in the mid 90's. It tried to do a moderate devaluation, but the market didn't accept it. It lost control of the currency, there was a dramatic devaluation, and a subsequent recession -- even a depression in Mexico.
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Based on Topics: Countries Quotes, Investment Quotes, People QuotesBased on Keywords: devaluations, devalues
When friends asked me, Can we help? I'd say, Not unless you can alter time, speed up the harvest or teleport me off this rock. I used that line from Star Wars.
Charlie Sheen
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