Assume that China and Indias CAD remains unchanged for a prolonged period. If both countries devaluated their

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Assume that China and India’s CAD remains unchanged for a prolonged period.

If both countries devaluated their currencies against dollar—Chinese Yuan devaluated more compared to Indian Rupee—what will be the likely impact of currency devaluation on the CAD in China and India?

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International Finance: Theory And Policy

ISBN: 9781292065199

10th Edition

Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice

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