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Under a fixed exchange rate system, when a foreign central bank devalues its currency it purchases dollars in the foreign exchange market sells dollars in
Under a fixed exchange rate system, when a foreign central bank
devalues its currency it
purchases dollars in the foreign exchange market
sells dollars in the foreign exchange market
raises the dollar price of its currency
lowers the dollar price of its currency
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Principles Of Econometrics
Authors: R Carter Hill, William E Griffiths
3rd Edition
0471723606, 9780471723608
