Why Economists Favour Floating Rates

Paul Einzig

Chapter Chapter Five in The Case against Floating Exchanges, 1970, pp 39-50 from Palgrave Macmillan

Abstract: Abstract Why is it that the majority of theoretical economists who are now in favour of a depreciation of a currency that is under pressure, instead of a devaluation, advocate the adoption of the most extreme form of flexibility — freely floating exchange rates?

Keywords: Exchange Rate; Foreign Exchange; Capital Gain; Stable Exchange; Theoretical Economist (search for similar items in EconPapers)
Date: 1970
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DOI: 10.1007/978-1-349-00681-6_5

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