Dollars, Debts, and Deficits

In This Review

Dollars, Debts, and Deficits

By Rudiger Dornbusch
MIT Press, 1987
240 pp. $20.00

Exchange rates, the debts of developing countries, and European unemployment are the large subjects tackled by Professor Dornbusch of MIT. Much of the book is in economists' language-formulas and graphs-but the analysis takes account of factors that escape theory and econometrics, and the conclusions about policy are clear and often challenging.

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