Evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach.

Description

In a critical essay, evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach. Compare and contrast the three approaches and provide (( examples)) which distinguish them from each other.

Use at least 5 scholarly, peer-reviewed journal articles. Use statistical data as supporting evidences at least 3 times