The Australian Bureau of Statistics shows that between June 1999 and June 2009, Australias debt to the
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The Australian Bureau of Statistics shows that between June 1999 and June 2009, Australia’s debt to the rest of the world increased sharply. In the meantime the exchange rate of Australian dollar changed in the international market. Do you think that there is a link between the exchange rate and external debt. If so, how would depreciation in the Australian dollar affect the Australian debt in the future, ceteris paribus?
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Related Book For 
International Finance: Theory And Policy
ISBN: 9781292065199
10th Edition
Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice
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