Global Imbalances and Exchange Rates

Anthony Makin

Chapter 3 in Global Imbalances, Exchange Rates and Stabilization Policy, 2009, pp 26-44 from Palgrave Macmillan

Abstract: Abstract This chapter develops new frameworks for analysing the international monetary repercussions of trade imbalances and exchange rate policy in an economic growth context. It first develops an alternative two-region flow model of trade imbalances and the exchange rate that combines exports, imports and monetary flows. It then examines links between the exchange rate and output-expenditure relations to show how exchange rate misalignment simultaneously influences global imbalances and macroeconomic conditions in each region.

Keywords: Exchange Rate; Real Exchange Rate; Money Supply; Trading Partner; Foreign Currency (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25075-8_3

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DOI: 10.1057/9780230250758_3

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