How decision of maintaining fixed vs floating exchange rate, Macroeconomics

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How decision of maintaining fixed vs floating exchange rate

Problem

Evaluate the empirical evidence on how currency depreciation affects wealth and output across countries. How does the decision of maintaining a fixed versus floating exchange rate regime depend on a country's external wealth position?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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