=+b. Why did the Economist think the opposite would occur soon after Britain exited the ERM?

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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 04:00 AM

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=+b. Why did the Economist think the opposite would occur soon after Britain exited the ERM?
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=+a. Why might the British governments critics have thought it possible to lower interest rates after taking sterling out of the ERM? (Britain was in a deep recession at the time the article...
=+c. In what way might ERM membership have gained credibility for British policy makers? (Britain entered the ERM in October 1990.)
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=+b. Why did the Economist think the opposite would occur soon after Britain exited the ERM?

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International Economics

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