11. What does the Marshall-Lerner condition look like if the country whose real exchange rate changes does

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11. What does the Marshall-Lerner condition look like if the country whose real exchange rate changes does not start out with a current account of zero? (The Marshall-

Lerner condition is derived in Appendix III under the "standard" assumption of an initially balanced current account.)

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International Economics Theory And Policy

ISBN: 9780321116399

6th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Question Posted: Oct 01, 2024 12:00 PM

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11. What does the Marshall-Lerner condition look like if the country whose real exchange rate changes does

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International Economics Theory And Policy

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