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- Sly Old Fox commented Jan 9, 2012
Guest ... Exchange rate values are nominal; they do not have to, by definition, be 'strengthened' after being 'weakened' (a correction), so long as some real variable (e.g. production output) or nominal variable (e.g. local prices or wages) adjusts ...
- Sly Old Fox replied Nov 8, 2011
Finally, a reply. — I wanted to elaborate a little more, but my reply was turning into a book in itself. I should also add a disclaimer - you're better off finding out for yourself than taking my word, as I'm just a fisherman. Start with ...
- Sly Old Fox replied May 26, 2011
In Theory .... — Firstly, do you understand - at least to some extent - why we need fluctuating exchange rates? I'll just assume you do and keep this reply simple, as discussing why we need exchange rates is a very cool but lengthy topic. ...
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