Titlebook: European Monetary Union; Progress and Prospec M. T. Sumner,G. Zis Book 1982 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Comments on Laidler and Sumner and Zis,Zis present a useful survey of the theoretical literature on the relationships between exchange rates and inflation, and by rectifying certain faults of the literature conclude that floating rates exhibit an inflation bias.

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