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Some Insights from Real Exchange-Rate Analysis

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Trade, Development and Political Economy
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Abstract

It is likely that very few contemporary economists would recognize the real exchange rate as a very recent arrival on the list of important economic concepts, or would realize that real exchange-rate analysis, as we know it today, was not part of the standard preparation of international trade economists, even as late as forty or fifty years ago. It has been my good fortune to witness the arrival of this new offspring of our intellectual heritage and to observe at close hand its development over recent decades.

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Notes

  1. Juan Luis Moreno-Villalaz, ‘Lessons From the Monetary Experience of Panama: a Dollar Economy With Financial Integration’, The Cato Journal, 18 (3) (Winter 1999) p. 438.

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© 2001 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Harberger, A.C. (2001). Some Insights from Real Exchange-Rate Analysis. In: Lal, D., Snape, R.H. (eds) Trade, Development and Political Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523685_3

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