Exchange Rates, Money and Relative Prices: The Dollar-Pound in the 1920's
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This paper applies the analytical framework of the monetary approach to exchange rate determination to the analysis of the Dollar/Pound exchange rate during the first part of the 1920's. The analysis uses monthly data up to the return of Britain to gold in 1925. The equilibrium exchange rate is
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美国国家经济研究局创建时间：
1980-01-01
