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valputin valputin
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8 years ago
Because sterilized interventions mean offsetting open market operations, there is no impact on the monetary base and the money supply, and therefore a sterilized intervention
A) causes the exchange rate to undershoot in the short run.
B) causes the exchange rate to depreciate in the short run, but has no effect on the exchange rate in the long run.
C) causes the exchange rate to overshoot in the short run.
D) has no effect on the exchange rate.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
This is great!
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
Slight Smile Good luck with the rest
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