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EQUILIBRE FINAL ECHANGES [1 record]

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Record 1 1981-01-27

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

But [the auctioneer] has no idea what the final exchange ratio, or terms of trade, between food and clothing will be, whether it will be 10/3, 10/8, 10/5, 10/6, or anything else. For that matter, if the auctioneer is very new at the game or very stupid, he may think that the final equilibrium exchange level, or terms of trade, will be 10/1 or 10/12.

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

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