The Globalization of Markets - Capital Flows, Exchange Rates and Trade Regimes

The German mark is the key currency in Europe and its value will affect the equilibrium bilateral exchange rates of the other currencies in the European Union. . . . . . . . . . . . . . . . . . . . . . CLARK Concepts of Equilibrium Exchange Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .