Outlook for Interest Rates and the Exchange Rate

The theme of my paper is that, provided the terms of trade remain fairly stable, a real exchange rate at about its average 1986-87 level is consistent with a stabilisation of our external debt in 1991; and that the necessary turn-around in our trade balance can occur without requiring a marked slowing down in economic growth. The paper also argues that, if markets accept this view, interest rates will be able to sustain their recent decline.


Issue Date:
1988-04
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/9669
PURL Identifier:
http://purl.umn.edu/9669
Published in:
Review of Marketing and Agricultural Economics, 56, 01
Page range:
68-74
Total Pages:
7




 Record created 2017-04-01, last modified 2020-10-28

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