q explain why the ems countries decided, International Economics

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q explain why the ems countries decided

Q. Explain why the EMS countries decided to fix their exchange rates against the German DM?

Answer: In this manner the other EMS countries in effect imported the credibility of the German central bank in fighting inflation therefore discouraging the development of inflationary pressures at home.

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International Economics: q explain why the ems countries decided

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International Economics: q explain why the ems countries decided

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