Misalignment of exchange rates : effects on trade and industry /
Economists writing on flexible exchange rates in the 1960s foresaw neither the magnitude nor the persistence of the changes in real exchange rates that have occurred in the last fifteen years. Unexpectedly large movements in relative prices have lead to sharp changes in exports and imports, disrupti...
| Автор-организации: | National Bureau of Economic Research. |
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| Други автори: | Marston, Richard C. |
| Формат: | Електронна книга |
| Език: | English |
| Публикувано: |
Chicago :
University of Chicago Press,
1988.
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| Серия: |
National Bureau of Economic Research project report.
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| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=228239 |
| Подобни документи: |
Print version::
Misalignment of exchange rates. |
| Резюме: |
Economists writing on flexible exchange rates in the 1960s foresaw neither the magnitude nor the persistence of the changes in real exchange rates that have occurred in the last fifteen years. Unexpectedly large movements in relative prices have lead to sharp changes in exports and imports, disrupting normal trading relations and causing shifts in employment and output. Many of the largest changes are not equilibrium adjustments to real disturbances but represent instead sustained departures from long-run equilibrium levels, with real exchange rates remaining "misaligned" for years a. |
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| Описание на библ. документ: |
"Proceedings of a conference ... sponsored by the National Bureau of Economic Research and held in Cambridge, Massachusetts, on 7-8 May, 1987"--Preface. |
| Физически характеристики: |
1 online resource (x, 318 pages) : illustrations. |
| Библиография: |
Includes bibliographical references and indexes. |
| ISBN: |
0226507254 9780226507255 |