There are two main channels through which monetary policies that affect the exchange rate operate in the economy: first, and most important, through their effects on exports, and secondly through their effects on companies balance sheets.
There are two main channels through which monetary policies operate in the economy through their effects on companies balance sheets. This is through their effects on exports. There are first through their effects on companies "balance sheets. This is through their effects on exports. There are most important and secondly through their effects on companies" balance sheets. This is through their effects on exports. These monetary policies affect the exchange rate.