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Global Purchasing Power View of Exchange Risk
Published online by Cambridge University Press: 06 April 2009
Extract
The recent experience of increased volatility of exchange rates among major currencies coupled with highly unstable price levels necessitates a more fundamental understanding of exchange risk. This necessity is further enhanced by the increased internationalization of consumption, investment, and other aspects of economic activity.
- Type
- Research Article
- Information
- Journal of Financial and Quantitative Analysis , Volume 16 , Issue 5 , December 1981 , pp. 639 - 650
- Copyright
- Copyright © School of Business Administration, University of Washington 1981
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