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Unformatted text preview: explain the subject matter of the article? The article explains the open-economy macroeconomics of the foreign exchange markets. Moreover, purchasing power parity analysis can be done in reference to the values given in the article. All of the changes in the current exchange rates, especially with respect to the dollar vs. the yen/euro, can be evaluated in the context of what we have learned in class during the past week in conjunction with the recent events. The falling Euro and the disaster-stricken yen all have major factors in the current exchange rate with the dollar....
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This note was uploaded on 11/28/2011 for the course ECON 102 taught by Professor Rossana during the Winter '08 term at University of Michigan.
- Winter '08