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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 23
Suppose that in response to a severe recession, a country with an overvalued currency and a fixed exchange rate does, in fact, move to a floating exchange-rate system. Who are the winners and losers in this move?
Explanation
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Exchange rate:
Foreign exchange rate re...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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