Under fl exible exchange rates, what happens if a country experiences a defi cit in its balance

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Under fl exible exchange rates, what happens if a country experiences a defi cit in its balance of payments?

How long can a defi cit in the balance of payments persist?          Appendix 

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An Introduction To Financial Markets And Institutions

ISBN: 978-0765622761

2nd Edition

Authors: Maureen Burton ,Reynold F. Nesiba ,Bruce Brown

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