Philippine Standard time

Foreign Borrowing and the Generalized Real Exchange Rate

UPSE DP 1991-13
1991

We propose a formula (the generalized real exchange rate) that reflects better the real price of the real dollar when the economy is financing trade deficits by foreign borrowing.

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Contributor
UP-School of Economics
Authors
Fabella, Raul V.
Keywords
exchange rate arrangements
Cite
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Since
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