Why can balance-of-payments deficits force some countries to implement a contractionary monetary policy?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:32 AM

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Why can balance-of-payments deficits force some countries to implement a contractionary monetary policy?

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To finance the deficits the central banks in these countries m...View the full answer

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