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Internal and External Aspect of Changes in Exchange Rate (Methodological and Theoretical Analysis)

DOI: 10.2478/v10031-007-0006-3

Keywords: exchange rate, methodology of economics, open economy macroeconomics

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Abstract:

In the paper the phenomena related to the tendencies in the exchange rate have been analysed basing on a new methodological approach to the category of foreign trade. The approach includes the so-called internal and external aspect of foreign trade. The approach proposed in the paper proves to be very helpful in the analysis of the phenomena in today's economy.

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