Currency Undervaluation and Comparative Advantage

Abstract

The author thanks Reuven Glick, Giancarlo Corsetti, and seminar participants for comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.