The Exchange Rate And The Balance of Payments In The Short Run and in The Long Run: A Monetary Approach

Pentti J. K. Kouri
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Pentti J. K. Kouri: Stanford University

A chapter in Flexible Exchange Rates and Stabilization Policy, 1977, pp 148-172 from Palgrave Macmillan

Abstract: Abstract This paper analyzes, by way of a dynamic model, the role of momentary asset equilibrium and expectations in the determination of the exchange rate in the short run, and the role of the process of asset accumulation in the determination of the time path from momentary to long-run equilibrium.

Keywords: Exchange Rate; Monetary Policy; Current Account; Foreign Asset; Foreign Exchange Market (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03359-1_13

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DOI: 10.1007/978-1-349-03359-1_13

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