Real Adjustment Processes Under Floating Exchange Rates (Softcover Reprint of the Original 1st 1990)Paperback - Softcover Reprint of the Original 1st 1990, 15 December 2011

Flexible exchange rates pose new adjustment problems for firms and for policy-makers. It is shown that (some) firms have developed successful strategies to meet the new challenges. On the other hand, government interventions are often inappropriate. The book deals with the different strategies developed by firms and policy-makers and their consequences.