Microeconomic Implications of Exchange Rate Variations.
This paper investigates the effect of exchange rate variations on the equilibrium of an industry in which domestic firms are competing with foreign suppliers. The paper is designed as an expository survey. It discusses the perfectly competitive industry; exchange rate pass through under imperfect co...
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| Format: | Journal article |
| Language: | English |
| Published: |
1990
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| Summary: | This paper investigates the effect of exchange rate variations on the equilibrium of an industry in which domestic firms are competing with foreign suppliers. The paper is designed as an expository survey. It discusses the perfectly competitive industry; exchange rate pass through under imperfect competition; entry, exit and hysteresis with fixed costs and exchange rate uncertainty. |
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