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Monetary Devaluation
Beginning of essay
Like every other product the coin of a country has a price, which is the exchange type; this represents the quantity of Mexican pesos that are needed to buy an American dollar, and like every other price this one is determined because:
a) Because of the offer and demand of dollars, or
b) Because o ....
Middle of essay
....ing the coin, the government goes to external credit, establishes control over imports, subsides exports, etc… A situation of this type cannot maintain undefined. A way to correct this unbalance is to devaluate the coin (modification of the exchange type in the one the price of dollars in terms of our coin is increased).
MONETARY DEVALUATION
EXPERIENCE IN DEVALUATIONS:
While the devaluation in 1938 was associated with the petroleum expropriation, the one in 1948 was considered as pa.... |
| Number of words: 715 |
Approximate pages: 3 |
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