2. Imagine a world of two countries in which the only causes of fluctuations in stock prices...

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2. Imagine a world of two countries in which the only causes of fluctuations in stock prices are unexpected shifts in monetary policies. Under which exchange rate regime would you expect the gains from international asset trade to be greater, fixed or floating?

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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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