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Black Wednesday and Twin deficits hypothesis

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Black Wednesday and Twin deficits hypothesis

Black Wednesday vs. Twin deficits hypothesis

Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM. In macroeconomics, the twin deficits hypothesis or the twin deficits phenomenon, is the proposition that there is a strong causal link between a nation's government budget balance and its current account balance.

Similarities between Black Wednesday and Twin deficits hypothesis

Black Wednesday and Twin deficits hypothesis have 1 thing in common (in Unionpedia): Devaluation.

Devaluation

In modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency or currency basket.

Black Wednesday and Devaluation · Devaluation and Twin deficits hypothesis · See more »

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Black Wednesday and Twin deficits hypothesis Comparison

Black Wednesday has 47 relations, while Twin deficits hypothesis has 11. As they have in common 1, the Jaccard index is 1.72% = 1 / (47 + 11).

References

This article shows the relationship between Black Wednesday and Twin deficits hypothesis. To access each article from which the information was extracted, please visit:

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