15 Indirect intervention. During the Asian crisis, some Asian central banks raised their interest rates to prevent

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15 Indirect intervention. During the Asian crisis, some Asian central banks raised their interest rates to prevent their currencies from weakening. Yet, the currencies weakened anyway. Offer your opinion as to why the central banks’ efforts at indirect intervention did not work.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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