Explain what happens in a fixed exchange rate regime if a currency is overvalued. How can you

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Explain what happens in a fixed exchange rate regime if a currency is overvalued. How can you tell that the Chinese renminbi (RMB) is not overvalued? What are the consequences of this misalignment?

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Macroeconomics Policy And Practice

ISBN: 9781292019598

2nd Global Edition

Authors: Frederic S Mishkin

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