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BPEA | 1985 No. 1

Three Discussion Papers from the Symposium on Exchange Rates

Richard N. Cooper
RNC
Richard N. Cooper
Discussants: Rudiger Dornbusch and
RD
Rudiger Dornbusch
James Tobin
JT
James Tobin

1985, No. 1


I ENJOYED Jeffrey Frankel’s paper. He uses theory nicely to structure
the problem, and then with the aid of some reasonable guesstimates he
bounds the issues quantitatively. I will make two somewhat technical
remarks and three of a more general nature.

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