Exchange Rate Protection and Exchange Rate Conflict.
This paper investigates a model of "exchange rate protection" with two countries, either or both of then seeking to protect their tradable sectors by maintaining undervalued exchange rates. The equilibrium that would result is demonstrated and shown to be inefficient, suggesting that, in p...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1988
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