What is the meaning and what are the implications of multicurrency mercantilism?
Multicurrency mercantilism refers to the idea that a country should maximize its international trade by actively managing its exchange rates and encouraging the use of its own currency in international transactions. This policy can have significant implications for the economy and international relations of a country.

The main idea behind multicurrency mercantilism is that by promoting the use of its own currency in international trade, a country can increase its exports, reduce its imports, and thereby improve its trade balance. This can lead to greater economic growth and job creation within the country, and increase its financial stability.

However, this policy can also lead to tensions between countries, particularly if other nations feel that their currencies are being devalued in order to benefit another country. Additionally, the focus on currency management can detract from other important economic policies, such as those aimed at increasing productivity or reducing inequality.

In conclusion, multicurrency mercantilism can have both positive and negative implications, and policymakers must carefully weigh the benefits and risks of such a policy before implementing it.
Thank you very much for the answer. 

As you mentioned However, this policy can also lead to tensions between countries, particularly if other nations feel that their currencies are being devalued in order to benefit another country. 
Could you explain this a bit better please? How can this exactly happen? Please accompany your explanation with a real-world example.
Also if possible provide some references to where I can read up on this further.

Thanks in advance!