7. You observe that a countrys currency depreciates while its current account worsens. What data might you
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7. You observe that a country’s currency depreciates while its current account worsens. What data might you look at to decide if you are witnessing a J-curve effect? What other macroeconomic change might bring about a currency depreciation coupled with a deterioration of the current account, even if there is no J-curve?
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International Finance Theory And Policy
ISBN: 9781292238739
11th Global Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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