| 单词 | fundamental disequilibrium |
| 释义 | fundamental disequilibrium The condition of the balance of payments under which the original rules of the International Monetary Fund (IMF) allowed countries to devalue their currencies. No formal definition of fundamental disequilibrium was ever produced, but it was widely assumed that it meant severe balance-of-payments problems which could not be cured without devaluation. In the event the rules proved unenforceable and member countries devalued as and when they chose anyway. |
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