Redundancy problem
In international finance, the redundancy problem, also known as the n − 1 problem, is a problem of inequality of the number of policy instruments and the number of targets at the international level, suggested by Robert Mundell in . This problem does not occur at the one-country level. Similarly, if there are n currencies in the world, only n − 1 exchange rates can be "independent" because the exchange rate is a price of one money relative to another. Other rates which are not independent are calculated as cross rate.
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Redundancy problem
In international finance, the redundancy problem, also known as the n − 1 problem, is a problem of inequality of the number of policy instruments and the number of targets at the international level, suggested by Robert Mundell in . This problem does not occur at the one-country level. Similarly, if there are n currencies in the world, only n − 1 exchange rates can be "independent" because the exchange rate is a price of one money relative to another. Other rates which are not independent are calculated as cross rate.
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In international finance, the ...... is one example for this fact.
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経済学において、N−1問題（えぬまいなすいちもんだい、英: ...... は、国際経済の政策手段と政策目標の整合性に関する問題である。
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46,816,686
Wikipage revision ID
744,654,056
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In international finance, the ...... are calculated as cross rate.
@en
経済学において、N−1問題（えぬまいなすいちもんだい、英: ...... は、国際経済の政策手段と政策目標の整合性に関する問題である。
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N-1問題
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Redundancy problem
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