Explain how fixed and crawling peg exchange rates can be used to manipulate trade balances in the

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Explain how fixed and crawling peg exchange rates can be used to manipulate trade balances in the short run, but not the long run.

China’s designation as a currency manipulator has been officially removed by the Trump administration.
As part of a new trade deal, China and the United States agree they will not devalue their currencies to achieve trade advantages.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:02 PM

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Explain how fixed and crawling peg exchange rates can be used to manipulate trade balances in the

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Fixed and crawling peg exchange rates are two different mechanisms used by countries to stabilize their currency against major global currencies like ...View the full answer

Economics

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