Exchange Rate "Fundamentals" versus Speculation : The Case of Lebanon

The Case of Lebanon

Nopic
The exchange rate for the Lebanese pound experienced a protracted period of depreciation from end-1982 to November 1987, followed by a marked appreciation over the following six months. This paper investigates the competing hypotheses that the exchange rate over these two periods was driven by a speculative bubble versus "fundamental" economic... READ MORE...

Publication date: December 1988
ISBN 9781451945973
$10.00

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Publication date: December 1988

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