Pope, Robin; Selten, Reinhard - In: The Open Economics Journal 4 (2011), pp. 1-38
This paper's field evidence is: (1) in reality a major exchange rate change devastates an economy, i.e. the widespread academic faith that exchange rate changes are either beneficial or harmless is a false faith that contributes to needless world-wide economic havoc; (2) the 1982-85 exchange rate...
