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- W1565857513 abstract "Over the past 12 months, the dollar has depreciated approximately 30 percent on a trade-weighted average basis against the currencies of our major trading partners.' This recent depreciation, at a rate of approximately 2.4 percent per month, has been the most rapid since the floating-exchange-rate system began in March 1973. In contrast, between September 1977 and October 1978, a period characterized by a worldwide lack of confidence in U.S. economic policies, the dollar depreciated at a pace of only 1.3 percent per month on a trade-weighted basis." @default.
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- W1565857513 date "1986-03-15" @default.
- W1565857513 modified "2023-09-22" @default.
- W1565857513 title "Should We Be Concerned About the Speed of the Depreciation" @default.
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