What is exchange rate overshooting in the context of the asset or monetary approach used in this

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What is exchange rate overshooting in the context of the asset or monetary approach used in this chapter? How does the prevalence of short-run exchange rate volatility depend on monetary policy and the existence of a nominal anchor? 

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International Economics

ISBN: 9781319218508

5th Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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