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person and per hour of work is associated with such regimes in Mexico and in Canada. It finds that, for Mexico unlike Canada … appreciably than when it is quasi-pegged. However, Mexico cannot safely peg to USD except through formal USdollarization. Hence …
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"International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a...
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