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The Exchange Rate: Economic Policy Tool Or Market Price?

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  • Heiner FLASSBECK

Abstract

The Exchange Rate: Economic Policy Tool or Market Price? The paper reconsiders the failure of mainstream economics to come up with a consistent and valid exchange rate theory. There has been broad consensus among economists for decades that changes in the

Suggested Citation

  • Heiner FLASSBECK, 2002. "The Exchange Rate: Economic Policy Tool Or Market Price?," UNCTAD Discussion Papers 157, United Nations Conference on Trade and Development.
    • Handle: RePEc:unc:dispap:157
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    File URL: https://unctad.org/system/files/official-document/dp_157.en.pdf
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