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Title |
Exchange Rates
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Author |
Paul Krugman |
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Category
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International Economics
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Type |
Article |
Description |
This article describes the instability of exchange rates since the collapse of the Bretton Woods System and how, under the "floating" exchange rates we have had since 1973, exchange rates are determined by people buying and selling currencies in the foreign-exchange markets. |
URL |
http://www.econlib.org/library/Enc/ExchangeRates.html |
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Copyright © 2006 Experimental Economics Center. All rights reserved.
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