How are the central banks transactions in the foreign
Show how an expansion in the central bank's domestic assets ultimately affects its balance sheet under a ?xed exchange rate. How are the central bank's transactions in the foreign exchange market re?ected in the balance of payments accounts?
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show how an expansion in the central banks domestic assets ultimately affects its balance sheet under a xed exchange
we noted in this chapter that foreign central banks especially in asia accumulated large dollar foreign reserves after
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