Exchange Rate Policy in Bangladesh: A Review of Key Concepts and Issues

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Issue:

Business

 

Written by:

Betsy S

 

Date added:

November 2, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

23 / 6199

 

Was viewed:

6503 times

 

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Essay content:

However, the banking and currency crises of the 1990s that afflicted many developing countries in different regions have provided a somber lesson that in a global economic setting, exchange rate policy, and monetary and financial policy more broadly, cannot be treated in a business as usual fashion. This is more so for countries, which have underdeveloped financial systems, poor governance but open capital accounts...
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This is more so for countries, which have underdeveloped financial systems, poor governance but open capital accounts. The stake is indeed high because the way an emerging market economy conducts its exchange rate policy does have a profound impact on its current and future macroeconomic performance...
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