Recommended readings (Machine generated): Gustav Cassel (1916), 'The Present Situation of The Foreign Exchanges', Economic Journal, XXVI (101), March, 62-5 -- Gustav Cassel (1920), 'Further Observations on the World's Monetary Problem', Economic Journal, XXX (117), March, 39-45 -- Yihui Lan...

This book provides a systematic treatment of the interaction between national price levels and exchange rates, and the formation of expectation regarding exchange rates on trade flows. The thrust is empirical and the study is made up of five self-contained chapters with a common theme, viz., the...