Thursday, February 22, 2018

Economists at odds over devaluation*

UWI economics professor Dr Roger Hosein

AT post-budget forums last week, economists waged intellectual battle over what is turning out to be one of the most hotly-contested, public policy ideas of today: whether the management of the TT/US dollar exchange rate is appropriate for a country with a chronic foreign exchange shortage, a huge fiscal deficit and the need for new investment dollars going into foreign-exchange earning industries.

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