Question
Two questions that I am just trying to better understand. 1)Explain how a country, such as the United States, is able to run a persistent
Two questions that I am just trying to better understand.
1)Explain how a country, such as the United States, is able to run a persistent current account deficit.Is there a limit to how long this can continue?
2)A country has pegged its currency to the U.S. dollar.If market forces depreciate the local currency, what limits the Central bank in maintaining a fixed exchange rate?
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
