학술논문
THE RESOURCE REALLOCATION COSTS OF FIXED AND FLEXIBLE EXCHANGE RATES.
Document Type
Article
Author
Source
Subject
*Resource allocation
*Foreign exchange rates
*Capital movements
*Capital productivity
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Language
ISSN
0022-1996
Abstract
Examines the view that resource allocation costs are a disadvantage of a flexible exchange rate system relative to a fixed exchange rate. Movement of resources into and out of export industries; Reduction of output according to their productivity in alternative uses.