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Monetary sterilization’s working is wrong?
Say, there is an increase in demand for dollars (as compared to the other currency, say yen), which will put appreciation pressures on dollar.
Then to counter this appreciation, we need to buy yen. ...
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The impact of a devaluation of the national currency under a fixed exchange rate system
I would really be thankful if any of you could check my answer to the following question.
Question:
Describe, using the IS-LM-BP model, the impact of a devaluation of the national currency under a ...
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