Under the Bretton Woods system, what were devaluations and revaluations? What is the difference between a devaluation and a depreciation? Why were countries hesitant to pursue a devaluation? Why were they even more hesitant to pursue a revaluation?
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Under the Bretton Woods system, what were devaluations and revaluations? What is the difference between a devaluation and a depreciation? Why were countries hesitant to pursue a devaluation? Why were they even more hesitant to pursue a revaluation?