Normally, when a pegged exchange rate is broken because of a crisis in that country, there is downward pressure on the local currency of that country.
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Q36: An advantage of freely floating exchange rates
Q37: While a strong currency is a possible
Q38: The effects of the Asian crisis did
Q39: Countries whose local currencies experienced greater depreciation
Q40: In order to stimulate a stagnant economy,
Q42: The European Central Bank is located in:
A)
Q43: A weak dollar is normally expected to
Q44: Direct intervention is usually more effective than
Q45: The monetary policy implemented by the European
Q46: The Asian crisis is generally believed to
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