Kurs walutowy a struktura wymiany oraz produkcji krajowej
Streszczenie
Ťhe article analyzes interrelationships between the level of currency exchange
rates and tne structure of trade exchange and production. These relationships are
analyzed successively assuming different currency exchange systems — excluded,
restricted and full mechanim of an exchange rate operation, with the system of
restricted exchange rates being further disaggregated. In each case, the author
analyzes an inlluence ol changes in currency exchange rates on profitability of
export, import and domestic production of particular commodity groups and, conseguently,
on the structure ol loreign trade and domestic production. There are
separately presented consequences of non-balancing flows ol capital for these
relationships. The only possibility of ensuring structural changes in the economy
compatible with requirements posed by external conditions in a direct and full
impact of a flexible exchange rate on internal prices, costs and incomes. While
analyzing the impact of a currency exchange rate on internal prices and costs
the author discusses also a controversial problem of proinflationary influence of
devaluation.
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