A hitchhiker's guide to understanding exchange rates

Owen Humpage

Economic Commentary, 1998, issue Jan

Abstract: A nontechnical guide to exchange rates that discusses the role of inflation and monetary policy in determining exchange rate movements, uses balance-of-payments concepts to illustrate the economic role of the real exchange rate, and examines the crucial role of expectations.

Keywords: Foreign; exchange; rates (search for similar items in EconPapers)
Date: 1998
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