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Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Original Article: Does the Balance of Payments Determine Exchange Rates?
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By Mises Institute
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Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Original Article: Does the Balance of Payments Determine Exchange Rates?
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