Economics 104B - Lecture Notes Part III

Mar 17, 2013 · Exchange Rates: Deutsche Mark to Dollar and Yen to Dollar . DM/$ ¥/$ 1982 – 1984 2.8 240 1994 - 1996 1.5 100 (The Deutsche Mark was the German currency before the introduction of the common “Euro” currency.) You will notice that the real interest rate was 3 percentage points higher between the years 1982-1984 than it was 1994-1996. ................
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