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![[Jeffrey Frankel] The election-devaluation cycle - Vimarsana News](https://res.heraldm.com/content/image/2024/04/30/20240430050923_0.jpg?1)
The proposition that major currency devaluations are more likely to come immediately after, rather than before, an election is being tested anew. In the biggest voting year in history, the implications could be far-reaching. Economists will recall the Nobel laureate economist William D. Nordhaus’ influential 1975 paper, “The Political Business Cycle.” According to Nordhaus, in the year leading up to...
![[Jeffrey Frankel] The election-devaluation cycle - Vimarsana News](https://res.heraldm.com/content/image/2024/04/30/20240430050923_0.jpg)
The proposition that major currency devaluations are more likely to come immediately after, rather than before, an election is being tested anew. In the biggest voting year in history, the implications could be far-reaching. Economists will recall the Nobel laureate economist William D. Nordhaus’ influential 1975 paper, “The Political Business Cycle.” According to Nordhaus, in the year leading up to...
Jeffrey Frankel revisits the idea that emerging and developing economies are likely to prop up their currencies before a vote.
This event launches Inter-American Development Bank (IDB)’s Report “Competing in Agribusiness: Corporate Strategies and Public Policies for the Challenges of the 21st Century” in partnership with the CGIAR.
The Mexican Economy and Tourism secretariats, with support of the World Economic Forum and Inter-American Development (IDB), launched