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- 2011-7-2
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- 2016-3-20
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my understanding:
savings surplus = savings higher than investments, this surplus goes abroad and is converted to foreign ccy, domestic ccy is sold - depreciates
savings deficit = investments higher than savings, needs to be financed from abroad and domestic ccy is bought and appreciates
but the actual FX rate effect will depend on the actual flows and if they are hedged or not ... |
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发表于 2011-7-11 18:59
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