Inflation and Exchange Rates
Jeff Pearcy
Chapter 7 in How to Account for Foreign Currencies, 1984, pp 97-112 from Palgrave Macmillan
Abstract:
Abstract It is now generally accepted that in the long-term exchange rates reflect the differential rates of inflation of the respective currencies. The argument is as follows:
Keywords: Exchange Rate; Fixed Asset; Exchange Loss; Group Account; Accounting Period (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07111-1_8
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DOI: 10.1007/978-1-349-07111-1_8
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