Wage and Employment Determination through Non-Cooperative Bargaining.
Classical theories of exchange rates, such as Mint Par and Purchasing Power Parity (PPP), have the desirable property that they define a network of exchange rates in which no profit by 'compound arbitration' or 'cyclic arbitrage' is possible. Conversely, it will be shown that any...
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| Formato: | Working paper |
| Idioma: | English |
| Publicado em: |
Suntory and Toyota International Centres for Economics and Related Disciplines, LSE - STICERD
1994
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