谢同学2022-10-31 22:32:30

原版书module1的EXAMPLE 8 Capital Flows and Exchange Rates的第3题. Kwan notes that the DM country is running a persistent current account deficit with the EM country. To isolate the influence of this chronic imbalance on exchange rates, she focuses only on the bilateral relationship between the EM and DM countries and makes the simplifying assumption that the external accounts of these two countries are otherwise balanced (i.e., there are no other current account deficits). Over time and all else equal, the persistent current account deficit with the EM country would most likely lead to: A. a large buildup of the EM country’s assets held by the DM country. B. an increase in the trade competitiveness of the EM country. C. an upward revision in the long-run equilibrium EM currency value. 为什么选C？