International Business: Competing in the Global Marketplace
12th Edition
ISBN: 9781259929441
Author: Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher: McGraw-Hill Education
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Chapter 11, Problem 4CDQ
Summary Introduction
Case summary:
The Country C was accused of manipulating its currency in order to increase their exports. They have pegged its currency to the Country U’s dollar at fixed exchange rate. The Country C’s currency was devalued by its government to improve the competitiveness of exports when they entered into foreign trade.
Later, the Country C has reevaluated its currency policy in the Year 2000 and decided to shift towards managed-floated system. AS per this system, the Country C’s currency was appreciated when their adopted managed-floated system so the claims on Country C were not true.
To discuss: Whether there is relevant evidence that the Country C has kept the level of its currency insincerely low to increase exports.
Summary Introduction
To discuss: Whether the Country C is keeping its currency artificially low at present.
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International Business: Competing in the Global Marketplace
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