Illustrate how sectoral differences between corporate and official sector positions can distort welfare conclusions on the consequences of currency depreciation, as macroeconomic risks may be underestimated.
Following the description and specific instructions, briefly, explain and illustrate how each is used as an analytic tool in international finance. In doing so, be certain your discussion includes content from the provided readings. This paper has 2 parts: Part A Foreign Exchange Market and Exchange Rates The role of Real Exchange Rate (RER) policies […]