Why is a country limited in executing its own monetary policy under a fi xed exchange rate

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Why is a country limited in executing its own monetary policy under a fi xed exchange rate system?

How is it limited under a fl exible exchange rate system?          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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