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Well, with a little IMF/central bank help, it can be in crisis even when it is no (more) overvalued: by choking the economy with expensive credits and cash-strapped consumers after an initial devaluation. (This was the standard route to high inflation in former East Bloc countries.)

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Jun 3rd, 2011 at 05:06:33 PM EST
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