𝔖 Bobbio Scriptorium
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World-economic aspects of exchange rates

✍ Scribed by Andreas Predöhl


Book ID
112942963
Publisher
Springer-Verlag
Year
1967
Tongue
English
Weight
414 KB
Volume
2
Category
Article
ISSN
0020-5346

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Extending model, this paper analyzes an international economy where cash or credit can be used for payment. Foreign trade credit is more costly than its domestic analog. A depreciation of the real exchange rate is associated with an external surplus and a reduced share of imports purchased with cre