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EFFECT OF DE- AND REVALUATION OF WESTERN CURRENCIES ON INTERNATIONAL COMPARISONS
Vol. 16, No. 3/4 (1976), pp. 299-306
Published by: Akadémiai Kiadó
Stable URL: http://www.jstor.org/stable/40728485
Page Count: 8
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The so-called dollar crisis of the 1970' s and the subsequent de-and revaluation of currencies, respectively, had an effect also on a part of international comparisons. After more than two decades the deviation between the "international purchasing power dollar" (as a specific unit of measurement used in comparisons) and the dollar corresponding to the domestic price level of the United States has practically ceased. The present study deals with the nature of this deviation and gives an estimation concerning its extent and then presents the process in the course of which the deviation became eliminated.
Acta Oeconomica © 1976 Akadémiai Kiadó