What is it about?
The exchange rate is about the most important relative price in the economy as it affects nearly all other relative prices. Hence, a study of its dynamics is important knowledge to acquire.
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Why is it important?
The exchange rate is important to the health of an economic system.
Perspectives
The study identifies a crucial long-run factor in the understanding of nominal exchange rate movements in developing economies.
Oluremi Ogun
University of Ibadan
Read the Original
This page is a summary of: Exchange Rate Determination in Developing Economies, Modern Economy, January 2012, Scientific Research Publishing, Inc,,
DOI: 10.4236/me.2012.35067.
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