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Questions d and e attached below: d. Should countries choose flexible exchange rates or fixed exchange rates? Discuss and explain based on your current understanding

Questions d and e attached below:
d. Should countries choose flexible exchange rates or fixed exchange rates? Discuss and explain based on your current understanding of exchange rate regimes. e. Explain what you know about OCA (Optimal Currency Area), including the theoretical background, overall concepts, rationalization and criticisms. Can OCA be implemented in the context of ASEAN? Why or why not

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