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Q. Explain the credibility theory of the EMS.
Answer: In this approach the other EMS countries in effect imported the credibility of the German central bank in fighting inflation so discouraging the development of inflationary pressures at home. This is recognized as the credibility theory of the EMS.
economic theories to explain free traden..
what does the law of reciprocal states about and how does it differ from the theories of smith and ricardo
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give notes on the alternative theories to trade
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