Bulanccof-pvments deficits always cause a coun- to lose international reserves. [s this statement true, false. or uncertain?

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"Bulancc•of-pævments deficits always cause a coun-

to lose international reserves. [s this statement true, false. or uncertain? Explain your answer.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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