Foreign Exchange Shadow Prices: A Critical Review of Current Theories
Edmar Bacha and
Lance Taylor
The Quarterly Journal of Economics, 1971, vol. 85, issue 2, 197-224
Abstract:
I. Introduction, 197. — II. The welfare approach, 198. — III. Costs of producing foreign exchange, 207. — IV. Equilibrium and parity exchange rates, 213. — V. Comparisons of the methods and a recommended evaluation rule, 220.
Date: 1971
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