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Chako Chako
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8 years ago
The credibility theory of the EMS implies in effect that the political costs of violating international exchange rate agreements
A) cannot restrain governments from depreciating their currency in the long run.
B) can restrain governments from depreciating their currency.
C) cannot restrain governments from depreciating their currency.
D) can control the political policies of member nations.
E) cannot restrain governments from depreciating their currency in the short run.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
7 years ago
Don't forget to vote my answer as best Nerd Face
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