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This textbook covers the essential areas of real and monetary foreign-trade theory. Both traditional and more recent modelling approaches are presented, with particular attention being paid to the empirical relevance and applicability of the models. Even complex interrelationships are made comprehensible through a step-by-step and detailed presentation. The book is thus equally suitable as an introductory text as well as a basis for further analysis of current issues in the field of international trade.
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