Real Exchange Rates and Competitiveness : A Clarification of Concepts, and Some Measurements for Europe

A Clarification of Concepts, and Some Measurements for Europe

Real Exchange Rates and Competitiveness : A Clarification of Concepts, and Some Measurements for Europe
This paper examines indicators of competitiveness. It analyzes the conceptual foundations of conventional measures of the real exchange rate and finds that inferences about competitiveness from these indicators require strong, and in many cases implausible, assumptions. Based on this analysis some alternative measures are proposed and their use... READ MORE...

Publication date: March 1991
ISBN 9781451844184
$15.00

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