Some critics of the adoption of fixed exchange rates by, Microeconomics

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Some critics of the adoption of fixed exchange rates by

Some critics of the adoption of fixed exchange rates by emerging market economies argue that these exchange rates create a kind of moral hazard. Do you agree? (Hint: Might borrowers behave differently if they knew exchange rates were changeable from day to day?)

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Microeconomics: Some critics of the adoption of fixed exchange rates by

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Microeconomics: Some critics of the adoption of fixed exchange rates by

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