There exists a diversity among nations some are rich some are poor and some lie in between
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There exists a diversity among nations some are rich some are poor and some lie in between the two extremes. The economic system of all nations depends deliberately on three policies namely monetary, fiscal, and exchange rate policy. If we suppose that lack of reserves inhibit the central bank to formulate the monetary policy effectively and currency devaluation restricts the efficient exchange rate policy. Which policy would you suggest for a country like Pakistan? Narrate all the assumptions?
Related Book For
International Business and the New Realities
ISBN: 978-0136090984
2nd Edition
Authors: S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
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