“I am presently at work on a dissertation dealing with the theory of international trade and foreign exchange rates. In dealing with this, studies of the intervention of recent years in the area of trade and exchange rates of different countries is of the greatest importance. I therefore hope to be able to begin a six month study tour to Switzerland, France and England at the end of May this year. After having collected the necessary material I intend — if the economic side can be arranged — during a stay of 6–12 months in England (probably Cambridge) or possibly the United States (in that case probably Harvard University) — to work out the above mentioned dissertation as a specimen for the doctoral degree in philosophy and pursue studies in general. I have not yet any detailed study plan. That should appropriately be set up after the arrival.”

— Bertil Ohlin

Ohlin’s application to the Royal Academy of Sciences, January 30, 1922; Translation by Rolf G. H. Henriksson in "Eureka unter den Linden" in: Bertil Ohlin: A Centennial Celebration, 1899-1999, p. 129.
1920s

Adopted from Wikiquote. Last update Sept. 30, 2023. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I am presently at work on a dissertation dealing with the theory of international trade and foreign exchange rates. In …" by Bertil Ohlin?

Bertil Ohlin11

Swedish economist and politician 1899–1979

Related quotes

“What was critical for the maintenance of pegged exchange rates, I argue in this book, was protection for governments from pressure to trade exchange rate stability for other goals.”

Barry Eichengreen Introduction

Source: Globalizing Capital (2008), Chapter 1. Introduction

“The paper develops a simple macroeconomic framework for the study of exchange rate movements. The purpose is to develop a theory that is suggestive of the observed large fluctuations in exchange rates while at the same time establishing that such exchange rate movements are consistent with rational expectations formation. In developing a formal model we draw on the role of asset markets, capital mobility, and expectations that have been emphasized in recent literature.”

Rudiger Dornbusch (1942–2002) German economist

Rudiger Dornbusch, "Expectations and exchange rate dynamics." The journal of political economy (1976): 1161-1176. p. 1161

“Markets are institutions that exist to facilitate exchange, that is, they exist in order to reduce the cost of carrying out exchange transactions. In an economic theory which assumes that transaction costs are nonexistent. markets have no function to perform, and it seems perfectly reasonable to develop the theory of exchange by an elaborate analysis of individuals exchanging nuts for apples on the edge of the forest or some similar fanciful example. This analysis certainly shows why there is a gain from trade, but it fails to deal with the factors which determine how much trade there is or what goods are traded.”

Ronald H. Coase (1910–2013) British economist and author

1960s-1980s, "The Firm, the Market, and the Law" (1988)

“We will continue to pursue the strategy of boosting domestic demand and ensure fast and balanced economic and social development in China. This will create more opportunities for China-U. S. economic cooperation and trade. We will continue to advance the reform of the RMB exchange rate regime, take positive steps in such areas as expanding market access, increasing imports, and strengthening the protection of intellectual property rights, and further expand China-U. S. economic cooperation and trade.”

Hu Jintao (1942) former General Secretary of the Communist Party of China

2000s, White House speech (2006)

“Today we are practically living a trade war, a currency war because the exchange rate today is one of the important factors to determine the competitiveness or not of products. Generalized currency depreciation in my view is an explicit strategy used by countries and that threatens us.”

Guido Mantega (1949) Brazilian economist

Speech at the seminar " The Role of Industry in the Growth of Brazil https://www.fazenda.gov.br/divulgacao/noticias/2010/setembro/governo-nao-pretende-taxar-investimentos-estrangeiros-diz-mantega" organized by the Getulio Vargas Foundation, September 27, 2010