Question
A small open economy that relies heavily on trade with other nations is better positioned to adjust to external shocks if it has a floating/
"A small open economy that relies heavily on trade with other nations is better positioned to adjust to external shocks if it has a floating/ flexible exchange rate mechanism" Discuss.
Consider automatic adjustment mechanisms.
How might the current COVID 19 context impact on the adjustment process?
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Consumer Behaviour
Authors: Evans, Martin Evans
2nd Edition
0470994657, 9780470994658
