Abstract
It is now generally accepted that in the long-term exchange rates reflect the differential rates of inflation of the respective currencies. The argument is as follows:
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© 1984 Jeff Pearcy
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Pearcy, J. (1984). Inflation and Exchange Rates. In: How to Account for Foreign Currencies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07111-1_8
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DOI: https://doi.org/10.1007/978-1-349-07111-1_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07113-5
Online ISBN: 978-1-349-07111-1
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