Optimum Currency Areas and Natural Variability in Exchange Rates

McKinnon, Ronald I.

doi:10.3790/schm.99.1-2.177

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McKinnon, R. Optimum Currency Areas and Natural Variability in Exchange Rates. Journal of Contextual Economics – Schmollers Jahrbuch, 99(1–2), 177-199. https://doi.org/10.3790/schm.99.1-2.177

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Optimum Currency Areas and Natural Variability in Exchange Rates

McKinnon, Ronald I.

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 99(1979), Iss. 1–2 : pp. 177–199 | First published online: February 24, 2023

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Publisher Name: Duncker & Humblot
DOI: https://doi.org/10.3790/schm.99.1-2.177
Language: German
Pages: 23
License: open-access https://creativecommons.org/licenses/by/4.0

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McKinnon, Ronald I.

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Section Title	Page	Action	Price
Ronald I. McKinnon: Optimum Currency Areas\rand Natural Variability in Exchange Rates	177
Keynesian Liquidity Preference and the Rate of Interest in an Open Economy	178
Foreign Exchange Dealers and the Domestic Money Market	182
The Interest Elasticity of the Liquidity-Preference Function	185
Exchange-Rate Fluctuations Under Full Information	189
Uncertain Expectations	193
Currency Areas and Speculation	194
Currency Areas and Purchasing-Power Parity	196
Intervention by Central Banks: A Concluding Note	197
References	198

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Optimum Currency Areas and Natural Variability in Exchange Rates

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