The Relation Between the Current Account and the Exchange Rate: a Survey of the Recent Literature

Richard Blackhurst and Marie-Christine Adam

Chapter 3 in Exchange Rates in Multicountry Econometric Models, 1983, pp 58-102 from Palgrave Macmillan

Abstract: Abstract The subject of this paper is the recent literature on the relationship between changes in a country’s exchange rate and changes in its current account balance. Given the nature of the workshop and my belief in the advantages of specialization, I have limited the survey to the literature dealing with theoretical aspects and direct empirical tests of the relationship. Thus I have not covered the literature on macroeconomic modelling, and there are only brief references to recent work in such areas as the estimation of import/export demand elasticities. My approach has been to ask ‘What do “consumers” of research in this area find when they go to the literature?’.

Keywords: Exchange Rate; Current Account; Real Exchange Rate; Trade Balance; Money Demand (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17286-3_3

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DOI: 10.1007/978-1-349-17286-3_3

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