Some Insights from Real Exchange-Rate Analysis
Arnold C. Harberger
Chapter 3 in Trade, Development and Political Economy, 2001, pp 40-56 from Palgrave Macmillan
Abstract:
Abstract It is likely that very few contemporary economists would recognize the real exchange rate as a very recent arrival on the list of important economic concepts, or would realize that real exchange-rate analysis, as we know it today, was not part of the standard preparation of international trade economists, even as late as forty or fifty years ago. It has been my good fortune to witness the arrival of this new offspring of our intellectual heritage and to observe at close hand its development over recent decades.
Keywords: Foreign Exchange; Real Exchange Rate; Foreign Currency; Real Price; World Price (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52368-5_3
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DOI: 10.1057/9780230523685_3
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