Refer to Coshall, J., 2000, “Spectral Analysis of International Tourism Flows”, Annals of Tourism Re


Question: Refer to Coshall, J., 2000, “Spectral Analysis of International Tourism Flows”,

Annals of Tourism Research, 27, 3, pp. 577-589.

On page 586, what does the author find in regards to the relationship between tourism flows and exchange rates? What is his explanation for his findings?

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