ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 20, Problem 4.5P
To determine
The various exchange rate regimes which were prevalent from gold standard regime.
Concept Introduction:
The method in which the currency of a country is regulated by its authority in accordance with other countries currencies and foreign exchange markets is known as Exchange rate regime. It is closely associated with the
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- When analyzing the exchange rates above, how would you determine if the value of the US dollar has appreciated or depreciated? Use examples from the tables. of Currency Exchange Rate JANUARY $1 = Exchange Rate MARCH $1 = Polish Zloty4.54.08Mozambique Meticals62.566.00Albanian Lek109.08111.60Australian Dollar1.851.67arrow_forwardMany developing countries, like Mexico, have moderate to high rates of inflation. At the same time, international trade plays an Important role In their economies. What type of exchange rate regime would be best for such a countrys currency vis Ă´ vis the U.S. dollar?arrow_forwardWhat is more important, a countrys current account balance or GDP growth? Why?arrow_forward
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