Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You're right that they don't by themselves trigger a hyperinflationary debt-devaluation spiral. But if someone were to engage in unfriendly currency movements aimed at Reals depreciation, then they would adversely affect the ability of the BCB to maintain domestic stability.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Jan 18th, 2014 at 12:57:25 PM EST
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