The Monetary Approach to International Adjustment

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?Topics apply monetarism to novel aspects of international economy, such as the use of portfolio theory for explaining tendencies for investors to hold a mix of currencies, rather than just their own, why floating rates can be expected to overshoot' their longer-run level, and how the money illusion and expectations can either help or hinder the adjustment processes. The empirical applications would be of interest to these concerned with particular countries, such as corporate oficers with company branches located there.?-Choice