1.14. Why is it that in a pure flexible exchange rate system, the foreign exchange market has...

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1.14. Why is it that in a pure flexible exchange rate system, the foreign exchange market has no direct effects on the money supply? Does this mean that the foreign exchange market has no effect on monetary policy?

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The Economics Of Money Banking And Financial Markets

ISBN: 9780321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Oct 22, 2024 08:00 AM

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1.14. Why is it that in a pure flexible exchange rate system, the foreign exchange market has...

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The Economics Of Money Banking And Financial Markets

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