5. Exchange Rate Pass-Through. Incomplete exchange rate pass-through is one reason that a country's real effective exchange
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5. Exchange Rate Pass-Through. Incomplete exchange rate pass-through is one reason that a country's real effective exchange rate can deviate for lengthy peri- ods from its purchasing power equilibrium level of 100. What is meant by the term exchange rate pass- through?
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Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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