Titlebook: Macroeconomic Policy and Economic Interdependence; Donald R. Hodgman (Professor of Economics),Geoffre Book 1989 Palgrave Macmillan, a divi

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International Co-operation of Monetary Policies and Confrontation of Commercial and Financial Polici economic policy. The analytical rigour in dealing with these issues has probably exceeded their practical significance, while less attention has thereby been paid to aspects that are more realistic and of greater importance in actual policy-making.

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Real Exchange Rates: Definition, Measurement, and Trends in France, West Germany, Italy and the Unites now appears too optimistic. The consensus view of the exchange rate as the key endogenous variable of an open economy emphasized its equilibrating effect on the current account, and in retrospect had too little to say about the effects of international capital mobility.

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infatuation

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