EFFECTS OF CURRENCY ADJUSTMENTS GIVEN FREE TRADE, TRADE RESTRICTIONS AND CROSS COMMODITY SUBSTITUTION

Maury E. Bredahl

No 13961, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: Comparative static models are developed which measure changes in equilibrium prices and quantities traded of an exchange rate change. Effects are determined for a free trade model and compared with that incorporating trade restrictions similar to those employed by the European community. Quantity changes are found to exceed price changes. Exchange rate effects are found to be greater if trade is restricted.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 26
Date: 1976
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:13961

DOI: 10.22004/ag.econ.13961

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