The Collapse of Purchasing Power Parities during the 1970s
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This paper reviews and analyzes the empirical record of exchange rates and prices during the 1970's and the analysis is based on the experience of the Dollar/Pound, the Dollar/French Franc and the Dollar/DM exchange rates. Section 2 presents the evidence on PPP during the 1970's and contrasts it
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美国国家经济研究局创建时间：
1980-10-01
