For any developing country, analyze its exchange rate system and all recent developments in its exchange rate policies. Use these to answer the following questions in your writing:
- What are monetary and fiscal policy implications of the exchange rate system adapted by the selected country?
- What is the devaluation history (dates) of the selected country? Have past devaluations achieved the targeted economic objectives?
- How trade has performed in the selected country post-devaluation?
- What are your views on ensuring better BOP-NIIP outcomes of this country?
1500 words
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