J. Tobin: A Currency Transactions Tax. Why and How --;C.A. Goodhart: Discussant to Professor J. Tobin --;J.L. Stein/K. Sauernheimer: The Equilibrium Real Exchange Rate of Germany --;P.B. Clark: Concepts of Equilibrium Exchange Rates --;G.C. Lim: A Note on Estimating Dynamic Economic Models of the Real Exchange Rate --;G. Chichilnisky: Trade Regimes and Gatt: Resource Intensive vs. Knowledge Intensive Growth --;E.M. Graham: The (Not Wholly Satisfactory) State of the Theory of Foreign Direct Investment and the Multinational Enterprise.
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .