Suppose a countrys central bank wants to keep the real exchange rate constant What should it do to the real interest rate if foreign economies enter recessions ...

If foreign economies enter recessions then exports t ...

Suppose a countrys central bank wants to keep the real exchange rate constant. What should it do

Question:

Suppose a country’s central bank wants to keep the real constant. What should it do to the real interest rate if foreign economies enter recessions?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...