TY - JOUR PY - 1994// TI - The real exchange rate Enigma: A safe haven solution from the cold war era JO - Defence and peace economics A1 - Ayanian, Robert SP - 51 EP - 65 VL - 5 IS - 1 N2 - In this paper I shift the focus of real exchange rate analysis from conventional macroeconomic variables, which have failed to explain changes in floating real dollar exchange rates, to military security variables, which show an uncanny ability to explain the pattern of floating real exchange rate changes among NATO-area floating currencies from early 1973 through the failed Soviet coup of August, 1991.
LA - SN - 1024-2694 UR - http://dx.doi.org/10.1080/10430719408404779 ID - ref1 ER -