The data in Figure 1-1(12-1) end in 2015. Visit https://research.stlouisfed.org/fred2/series/DEXCHUS and https://research.stlouisfed.org/fred2/series/DESUSEU (or another site with daily
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The data in Figure 1-1(12-1) end in 2015. Visit https://research.stlouisfed.org/fred2/series/DEXCHUS and https://research.stlouisfed.org/fred2/series/DESUSEU (or another site with daily exchange rate data) and download data on the same exchange rates (yuan per dollar and dollar per euro) for the past 12 months. What are the rates today? What were they a year ago? By what percentage amount did the rates change? Do you think the rates are floating or fixed? Why?
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Solution a The rates are 114 and 087 respectively b They we...View the full answer
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International Macroeconomics
ISBN: 9781319218423
5th Edition
Authors: Robert C. Feenstra, Alan M. Taylor
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