Abstract
Why is it that the majority of theoretical economists who are now in favour of a depreciation of a currency that is under pressure, instead of a devaluation, advocate the adoption of the most extreme form of flexibility — freely floating exchange rates?
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1970 Paul Einzig
About this chapter
Cite this chapter
Einzig, P. (1970). Why Economists Favour Floating Rates. In: The Case against Floating Exchanges. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-00681-6_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-00681-6_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-00683-0
Online ISBN: 978-1-349-00681-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)