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Cataloged Resource Summary

 

Title

Exchange Rates

Author

Paul Krugman

Category

International Economics

Type

Article

Description

This article describes the instability of exchange rates since the collapse of the Bretton Woods System and how, under the "floating" exchange rates we have had since 1973, exchange rates are determined by people buying and selling currencies in the foreign-exchange markets.

URL

http://www.econlib.org/library/Enc/ExchangeRates.html
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