Exchange Rate Economics : A Survey /

We survey the literature on the two main views of exchange rate determination that have evolved since the early 1970s: the monetary approach to the exchange rate (in flex-price, sticky-price and real interest differential formulations) and the portfolio balance approach. We then go on to discuss the...

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Bibliographic Details
Main Author: Taylor, Mark
Other Authors: MacDonald, Ronald
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1991.
Series:IMF Working Papers; Working Paper ; No. 1991/062
Online Access:Full text available on IMF