Exchange Rates and International Finance

Thomas Lagoarde-Segot ()
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Thomas Lagoarde-Segot: KEDGE Business School and SDSN France

Chapter Chapter 10 in Ecological Money and Finance, 2023, pp 293-331 from Springer

Abstract: Abstract Every international transaction (whether commercial or financial) recorded in the balance of payments requires, at some point, the purchase or sale of bank deposits in foreign currency. The price of these currencies (the exchange rate) plays an important role in international economic relations. How are exchange rates formed and why do they fluctuate so much? To what extent are they driven by marketforces and influenced by Central Banks? How do fluctuations in the value of currencies affect the balance of payments? Does the value of theexchange rate influence other macroeconomic variables and the sustainability objectives? These are the main topics covered in this chapter.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-14232-1_10

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DOI: 10.1007/978-3-031-14232-1_10

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