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A critique of monetary protectionism

Author

Listed:
  • W. Lee Hoskins
  • Owen F. Humpage

Abstract

An argument against attempts to achieve current-account objectives through monetary manipulation of nominal exchange rates, with an explanation of why such tampering--which for various reasons might appear politically attractive--ultimately harms economic welfare.

Suggested Citation

  • W. Lee Hoskins & Owen F. Humpage, 1990. "A critique of monetary protectionism," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
  • Handle: RePEc:fip:fedcec:y:1990:i:may15
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