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Global Purchasing Power View of Exchange Risk

Published online by Cambridge University Press:  06 April 2009

Cheol S. Eun
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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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References

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