14. Why is it that in a pure nexible exchange rate Sys- tem, the foreign exchange marker...

Question:

14. Why is it that in a pure nexible exchange rate Sys-

tem, the foreign exchange marker has no direct effects On the money supply? Does this mean that, the foreign exchange market has no effect on etary policy?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

Question Posted: