Macroeconomic Policy by Farrokh K. Langdana

Author:Farrokh K. Langdana
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

Please explain/critique the underlined sentences/phrases in the following “articles” using material from this and preceding chapters. Use diagrams liberally.

answers and hints

article 6.1 tito mboweni and the south african rand

(a)Central banks can artificially strengthen their currencies by actively purchasing domestic currency and selling foreign currency. (Alternatively, they can deliberately devaluate their currencies by doing the opposite.) Such attempts to intervene in foreign exchange markets and to artificially change the value of the domestic currency are very short-term measures at best. Market pressures usually prove to be far more powerful than limited (and costly) central bank interventions.

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