a Exchange rate systems vary in the degree to which a country's central bank control its currency's exchange rate. Many
Posted: Thu May 19, 2022 7:21 am
a Exchange rate systems vary in the degree to which a country's central bank control its currency's exchange rate. Many countries allow their currency to float, yet periodically engage in interventions to control the exchange rate. Explain why and how a central bank intervene to control the currency exchange rate. Be sure to explain the impact of such intervention on the economy including interest rates, inflation, and balance of trade.