Comment on J. A. Frenkel, “A Monetary Approach To The Exchange Rate: Doctrinal Aspects and Empirical Evidence”

Giorgio Basevi
Additional contact information
Giorgio Basevi: University of Bologna

A chapter in Flexible Exchange Rates and Stabilization Policy, 1977, pp 93-96 from Palgrave Macmillan

Abstract: Abstract As many papers in this conference, Frenkel’s deals with the determinants of the exchange rate and uses the analytical framework provided by the monetarist approach to the balance of payments. The paper is divided in two main sections. In the first one Frenkel shows, with appropriate quotations, that the new monetarist approach has deep roots in economic doctrine. In the second part, Frenkel aims at an empirical verification of the monetarist approach, and in order to do so he chooses a period in which we may say without doubt that monetary disturbances dominated over real, and domestic over foreign ones. His case is the German hyperinflation during the years 1920–23.

Keywords: Exchange Rate; Monetary Policy; Fiscal Policy; Real Wage; Money Supply (search for similar items in EconPapers)
Date: 1977
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03359-1_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349033591

DOI: 10.1007/978-1-349-03359-1_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().