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International Finance Question: Using the flow approach (demand-supply view) to exchange rate determination, a) show how the equilibrium exchange rate (S$/TL) is determined and discuss

International Finance Question: Using the flow approach (demand-supply view) to exchange rate determination, a) show how the equilibrium exchange rate (S$/TL) is determined and discuss how the stability condition depends on price elasticities of imports and exports. b) explain graphically what happens to exchange rate when inflation rises up in home country (Turkey).

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