Provides numerical data and alternative explanation for the growth of the U.S. dollar and the subsequent decline in value from 1981 to 1987. Students are challenged to study the evidence and draw their own conclusions about the movements of the dollar and the degree of underestimation. Introduces students to competing theories of exchange rate determination and analysis of economic data related to the price of foreign currency. "Hide
on W. Carl Kester, Richard P. Miller Source: Harvard Business School 14 pages. Publication Date: July 1, 1991. Prod. #: 292001-PDF-ENG
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