Paul Krugman

@paulkrugman ↗

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Last Checked April 1, 2023

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Sun Jan 29 13:30:16 +0000 2023

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Paul Krugman @paulkrugman

A shared currency may make sense between economies that are each others' major trading partners and are similar enough that they won't face large "asymmetrical shocks". So, here's the destination of Brazil's exports 2/ https://t.co/KokjpqHram — PolitiTweet.org

Posted Jan. 29, 2023

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Paul Krugman @paulkrugman

What with everything else going on, haven't commented on proposed currency union between Argentina and Brazil. But it's a nice opportunity to apply the theory of Optimum Currency Areas — which tells us that it's a terrible idea 1/ https://t.co/DTufAGaq0y — PolitiTweet.org

Posted Jan. 29, 2023

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Paul Krugman @paulkrugman

Argentina sends more to Brazil, because Brazil's economy is larger — but still only 15%. And the two countries' structure of exports is very different 3/ — PolitiTweet.org

Posted Jan. 29, 2023