Citation

Ayanian R. Def. Peace Econ. 1994; 5(1): 51-65.

Copyright

(Copyright © 1994, Informa - Taylor and Francis Group)

DOI

10.1080/10430719408404779

PMID

unavailable

Abstract

In this paper I shift the focus of real exchange rate analysis from conventional macroeconomic variables, which have failed to explain changes in floating real dollar exchange rates, to military security variables, which show an uncanny ability to explain the pattern of floating real exchange rate changes among NATO-area floating currencies from early 1973 through the failed Soviet coup of August, 1991.