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A country wants to hold its currency against the U.S. dollar without a formal pegged rate. The central bank of the country will intervene in
A country wants to hold its currency against the U.S. dollar without a formal pegged rate. The central bank of the country will intervene in the foreign exchange market to maintain the value of its currency should it depreciate too rapidly against the dollar. This practice is known as
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
