THE EXCHANGE RATE: ECONOMIC POLICY TOOL OR MARKET PRICE?
Heiner Flassbeck
No 157, UNCTAD Discussion Papers from United Nations Conference on Trade and Development
Abstract:
The Exchange Rate: Economic Policy Tool or Market Price? The paper reconsiders the failure of mainstream economics to come up with a consistent and valid exchange rate theory. There has been broad consensus among economists for decades that changes in the
Date: 2002
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