Question: Describe how this affects the IS-LM-NX model in an open economy? When investors lost confidence in Russia's market, a chain reaction ensued. Stock prices plummeted,

Describe how this affects the IS-LM-NX model in an open economy? When investors lost confidence in Russia's market, a chain reaction ensued. Stock prices plummeted, Banks faced demands to repay foreign loans early, so they bought large amounts of foreign currency to settle these debts. Investors converted their government bond proceeds into foreign currency

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