Discuss underlying logic of one society- centered approach

Reference no: EM133587185

Problem: As was the case with trade policy, we can try to explain exchange-rate policy by relying either on a society-centered or a state-centered approach. Discuss the underlying logic of one society- centered approach and one state-centered approach and explain how they account for exchange- rate policy. Name one important weakness of each of these two approaches (that is, what do they not explain)?

Reference no: EM133587185

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