"A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate..."

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Source : Paul A. Volcker, Toyoo Gyohten (1992). “Changing fortunes: the world's money and the threat to American leadership”, Crown

Paul Volcker

#Government Quotes #Swings Quotes #Important Quotes

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