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The Exchange Rate and the Trade Balance: Insular Versus Open Economies

Ronald McKinnon

Chapter 7 in Evolution of the International and Regional Monetary Systems, 1991, pp 78-98 from Palgrave Macmillan

Abstract: Abstract The relationship between the exchange rate and the trade balance has been at the centre of post-war controversies on how exchange rate regimes among the major industrial economies should be organised.

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Money Supply; Trade Balance (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11061-2_7

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DOI: 10.1007/978-1-349-11061-2_7

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