Diversified Currency Holdings and Flexible Exchange Rates
The Quarterly Journal of Economics · 1973 · Volume 87 · Issue 1
Abstract
I. The model, 97. — II. The equations of change: Free currency interflow and the “Rybczynski” effect, 99. — III. Comparative statics and comparative systems, 104. — IV. Concluding remarks, 107. — Appendix: The case of perfect mobility of capital, 109.
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