Question: Choose a less-developed country that interests you or one you are assigned.
a. Go to https://www.imf.org/external/np/mfd/er/2004/eng/0604.htm and scroll down to near the bottom of that page. Find your country in the table. Is you country's exchange rate regime fixed, or floating, or a managed float, or pegged to some other currency? Try to make sense of what is there by reading what is in the left-hand column and along the top rows.
b. Does the exchange rate system for your country help to explain why your country's currency might be over- or under-valued or at equilibrium as you described it in the previous question? Explain.