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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 1 Figure 24.1 David Hume 1711 – 1776
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 2 Figure 24.2 Degrees of price flexibility
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 3 Figure 24.3 Price and exchange rate flexibility
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 4 Figure 24.4 Equilibrium hoarding and dishoarding
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 5 Figure 24.5 Price specie flow adjustment process
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 6 Figure 24.6 Effect of a devaluation of the Home currency
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 7 Figure 24.7 Interdependencies between expectations and realizations
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 8 Figure 24.8 Money and exchange rates (corrected for output)
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International Economics: Theory, Application, and Policy, Ch. 24; Charles van Marrewijk, 2006 9 Figure 24.9 Output and exchange rates (corrected for money)
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