Evaluate the empirical evidence on how currency depreciation affects wealth and output across countries. How does the

Question:

Evaluate the empirical evidence on how currency depreciation affects wealth and output across countries. How does the decision of maintaining a fixed versus floating regime depend on a country’s external wealth position?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...