If exports are payable in dollars while imports require payment in foreign currency, a change in the nominal exchange ra
Posted: Mon May 02, 2022 8:10 am
If exports are payable in dollars while imports require payment
in foreign currency, a change in the nominal exchange rate
automatically transfers into a change in the price of imported
goods relative to local goods.
in foreign currency, a change in the nominal exchange rate
automatically transfers into a change in the price of imported
goods relative to local goods.