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Devaluation and Default

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rosstaylor posted on Tue, Oct 12 2010 6:15 PM

Can everyone comment on each and list some examples? What happens in each one (well i kinda know this but I would like to better understand the consequences better)? 

I believe most of the time, one of the other occurred, but rarely both at the same time (example being Russia in late 90's). 

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