Question
Many countries have significant external debt denominated in U.S. dollars. Suppose the dollar appreciates against their local currency. What will the effect on the external
Many countries have significant external debt denominated in U.S. dollars. Suppose the dollar appreciates against their local currency. What will the effect on the external wealth in local currency terms? Discuss a method to prevent any change in external wealth in this situation, along with any drawbacks.
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Banking And Finance Issues In Emerging Markets
Authors: William A. Barnett
1st Edition
1787564541, 9781787564541
