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When investors lost confidence in Russia's market, as reviewed before, a chain reaction ensued. Stock prices plummeted, Banks faced demands to repay foreign loans early,
When investors lost confidence in Russia's market, as reviewed before, a chain reaction ensued. Stock prices plummeted, Banks faced demands to repay foreign loans early, so they bought large amounts of foreign currency to settle these debts. Investors converted their government bond proceeds into foreign currency. How did this affect the IS-LM-NX model
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