=+3. Despite the flaws of the pre-1914 gold standard, exchange rate changes were rare for the core
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=+3. Despite the flaws of the pre-1914 gold standard, exchange rate changes were rare for the “core” countries (including the richer European countries and the United States).
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International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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