In the early 1990s, the foreign exchange reserves of Chile increased dramatically as foreign investment flows into

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In the early 1990s, the foreign exchange reserves of Chile increased dramatically as foreign investment flows into the country increased substantially because of the favorable investment climate and impressive economic growth. At the same time, Chile began intervening in foreign exchange markets to stabilize the exchange value of its peso. How might these two events be related to each other?
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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