Balance of Payments: The Exchange Rate's Impact on BOGS (J-curve and Marshall-Lerner Condition)
In a previous video, I explored some of the impacts on BOGS. This video will go into detail on how the exchange rate will impact on BOGS. In fact, I have 3 explanations so you can pick the one that you're most comfortable with!
I will cover the 'J-curve' theory as well as the Marshall-Lerner condition - an extension concept.
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