On the congruence of exchange rates under a system of bilateral trade

Authors

  • G. D’IPPOLITO

DOI:

https://doi.org/10.13133/2037-3643/12672

Keywords:

Direct exchange rates, cross-rates, bilateral trade, Walras

Abstract

The article makes a contribution to the problem recently raised, by Prof. Bresciani-Turroni and Prof. Gini, about the concordance of direct exchange rates and cross-rates under a system of bilateral trade. The author summarises the two theses and illustrates their terms. He goes back to the solution given by Walras and calls attention to the additional unnecessary hypotheses, whose introduction into the demonstration has given rise to divergent conclusions.


JEL: F10, F31

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How to Cite

D’IPPOLITO, G. (2014). On the congruence of exchange rates under a system of bilateral trade. PSL Quarterly Review, 3(12). https://doi.org/10.13133/2037-3643/12672

Issue

Vol. 3 No. 12 (1950)

Section

Articles

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