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1. In a period of hyperinflation, is the monetary approach an effective theory for modeling exchange rates? If so, why does it work on such

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1. In a period of hyperinflation, is the monetary approach an effective theory for modeling exchange rates? If so, why does it work on such a short time horizon given its documented weaknesses? 2. Outline in detail how covered and uncovered interest rate parity operate. What steps occur? What are the end results in equilibrium terms? Why is interest rate parity useful as a theory

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