Montek: Artificially maintaining an overvalued currency weakens a struggling economy
Montek Singh Ahluwalia · MONTEK SINGH AHLUWALIA PODCAST: Top Economist Explains India’s High Growth Years On The Neon Show · Nov 9, 2024 · at 1:08:42
Montek Singh Ahluwalia explains why viewing currency strength as a political symbol of national power harms economic performance.
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“When a weak economy tries to pretend that it is strong by keeping the exchange rate strong, in other words, overvalued, it actually weakens the economy.”
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