The splitting of exchange rates

Artikel

The system of multiple exchange rates thus has serious disadvantages, which become even graver in some developing countries where there is a combination of several unfavourable factors. Such factors are: Inflation, insufficient savings, irrational behaviour on the part of private economic subjects as well as the state, intense speculative activity, ponderous officialdom and the like. Where such conditions obtain multiple exchange rates are therefore not to be recommended and should where they exist gradually be discontinued. The present analysis has shown that differentiated exchange rates offer no such overwhelming advantages over other means of influencing foreign trade as to make them recommendable.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Intereconomics ; ISSN: 0020-5346 ; Volume: 02 ; Year: 1967 ; Issue: 11 ; Pages: 303-307 ; Hamburg: Verlag Weltarchiv

Classification and Topics

• Classification: Wirtschaft
• Subject: Development Policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Friedrichs, Dieter
• Event: Veröffentlichung
• (who): Verlag Weltarchiv ; Springer
• (where): Hamburg
• (when): 1967

Further information

• DOI: doi:10.1007/BF02930547
• Handle: http://hdl.handle.net/10419/137827
• Last update: 10.03.2025, 11:44 AM CET