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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (415)	1/4/1998 9:43:00 AM
From: tekgk	Read Replies (2) \| Respond to of 9980

Jack, Lowering the value of your countries currency is easy (raising it is not quite as easy). Here's a couple of ways: 1) Talk it down - like Baker did 2) Sell your currency and buy other countries currencies 3) Let your money supply run wild for a while (print, inject funds into the banking system etc.) 4) Run large deficits - generally any one or two will do - budget, trade, current account 5) Play in the futures market - generally bureaucrats aren't that good at it, so no matter what they do they can't keep a secret and they screw it up 6) Start a stupid war that will be expensive and has no end in sight 7) Generally stupid and irrational behavior on the part of the countries leadership 8) Have an unsound economy - or take a sound one and make it so