The overall purpose of the article seems to be to analyze and discuss a specific topic related to global finance and international economic environment, international monetary system, international financial management, international financial markets, exchange rate determination, or international capital budgeting. The article aims to provide insights and contribute to the existing literature in the field by presenting theories and evidence to support its arguments.

(2) What theories does the author present as a basis for the study?

The author presents various theories as a basis for the study, depending on the specific topic being discussed. These theories could include economic theories such as the Mundell-Fleming model, the purchasing power parity theory, the interest rate parity theory, or the efficient market hypothesis. The author may also draw on theories from other disciplines such as international relations or political economy to provide a comprehensive analysis.

(3) How valid is the position the author has taken?

The validity of the position taken by the author depends on the strength of the arguments and evidence presented. It is important to critically evaluate the author’s methodology, data sources, and analysis to assess the validity of their position. Additionally, considering the existing literature and alternative viewpoints can help determine the validity of the author’s position.

(4) How does the conclusion of the article relate to the existing literature?

The conclusion of the article should be evaluated in relation to the existing literature on the topic. It is important to assess whether the conclusion aligns with or contradicts the findings and theories presented in previous studies. This evaluation helps to determine the contribution of the article to the existing body of knowledge and whether it supports or challenges existing theories.

(5) Which particular theory does the article approve or disprove?

The article may approve or disprove a particular theory depending on its findings and analysis. It is important to identify the specific theory being discussed in the article and evaluate whether the evidence and arguments presented support or challenge that theory. This assessment helps to understand the implications of the article’s findings for the relevant theory and its applicability in the real world.