A speculative attack a. cannot occur if central banks maintain a fixed exchange rate. b.
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A speculative attack
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a. cannot occur if central banks maintain a fixed exchange rate.
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b. cannot occur if exchange rates are allowed to float.
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c. is more likely to occur if the domestic currency is appreciating in value.
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d. can force a central bank to revalue its currency.
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e. can be precipitated by an unprecedented increase in the demand for domestic goods and services.
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