| Author: | Gaudard, G. |
| Title: | Echanges intra-industriels, transnationalisation et substitution entre les monnaies (Intra-industry trade, transnationalisation and substitution between monies) |
| Journal: | Schweizerische Zeitschrift für Volkswirtschaft und Statistik
1990 : VOL. 126:1, p. 63-75 |
| Index terms: | CURRENCY MARKETS MULTINATIONAL COMPANIES INTRA-INDUSTRY TRADE |
| Language: | fre |
| Abstract: | The author demonstrates that the multinationals have a very important role both in intra-industry trade (trade between headquarter and subsidiaries) and in currency substitution (they keep a currency cocktail which is liquid and earns at the same time interest). Thus he finds a common explanation for two recent economic phenomena. |
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