Despite official parity between the DM and the Ostmark, the black market rate in early 1990 was
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Despite official parity between the DM and the Ostmark, the black market rate in early 1990 was about ten Ostmarks for one DM. What problems might setting the exchange rate at one Ostmark for each DM create for Germany?
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The basic problem is that at a one for one exchange rate the Ostmark will be overvalued relative to ...View the full answer
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Related Book For 
Foundations Of Multinational Financial Management
ISBN: 9780470128954
6th Edition
Authors: Alan C Shapiro, Atulya Sarin
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