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Re: Dollarisation

Hello Warren:

At an aggregate national level and in some way abstracting from capital
flows, sure ... but you must have some further point in mind here.

I think significant PK insights arise when we think about things like
national banking structure and how firms that sell or buy abroad finance
their operations.

Best, Colin

Warren Mosler wrote:

> And I assume we all agree that exports are the cost of imports???
>
> w
>
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