What are some ways to coordinate macroeconomic policies and avoid currency wars?

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Currency wars, also known as competitive devaluations, are situations where countries try to gain an edge in international trade by weakening their exchange rates. This can lead to a vicious cycle of retaliation, instability, and reduced global growth. How can countries avoid this trap and cooperate on macroeconomic policies that benefit everyone? Here are some ways to coordinate macroeconomic policies and avoid currency wars.

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