=+b. Assume that foreign central banks neither buy nor sell Pecunian assets. How did the Pecunian central

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=+b. Assume that foreign central banks neither buy nor sell Pecunian assets. How did the Pecunian central bank’s foreign reserves change in 2008? How would this official intervention show up in the balance of payments accounts of Pecunia?

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International Economics

ISBN: 9780132146654

9th Edition

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

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Question Posted: Oct 02, 2024 03:00 AM

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=+a. What was the balance of payments of Pecunia in that year? What happened to the countrys net foreign assets?
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=+b. Assume that foreign central banks neither buy nor sell Pecunian assets. How did the Pecunian central

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International Economics

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