Currencies Should Reflect Fundamentals, I love Mom, and Apple Pie
magonomics
January 26, 2007
Who can disagree with such platitudes? And yet officials appear to think they are saying something substantive when they say foreign exchange prices should reflect fundamentals. Of course they should. Can they do anything but reflect fundamentals? The issue is not fundamentals versus something else, but which set of fundamentals.
Currencies Should Reflect Fundamentals, I love Mom, and Apple Pie
Reviewed by magonomics
on
January 26, 2007
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