Sapir, André; Sekkat, Khalid; Weber, Axel A. - University of Bonn, Germany - 1994
The impact of exchange rate fluctuations on international trade has long been a major concern for policy makers. This … is particularly the case in Europe, where countries trade extensively with each other. The crisis that began in the … Summer of 1992 generated increased exchange rate fluctuations and, therefore, renewed concerns about consequences for trade …