Business, 12.12.2019 01:31 isabellemaine
Suppose we have a world of three countries, home, foreign 1, and foreign 2. the exchange rate between the currencies of foreign 1 and foreign 2 floats. one day your chief economic adviser (you are the president of home) suggests it would be a good idea to fix your currency’s exchange rates against both the foreign 1 and foreign 2 currencies. why should you fire your adviser immediately?
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Suppose we have a world of three countries, home, foreign 1, and foreign 2. the exchange rate betwee...
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