Exchange Rate Determination in the Mundell–Fleming Model

Imad A Moosa and Razzaque H Bhatti
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Imad A Moosa: Monash University, Australia
Razzaque H Bhatti: Gulf University for Science and Technology, Kuwait

Chapter 2 in The Theory and Empirics of Exchange Rates, 2009, pp 26-81 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionDisequilibrium Systems and Alternative Adjustment MechanismsEfficacy of Fixed and Flexible Exchange RatesDynamic Adjustment Under Fixed and Flexible Exchange RatesDynamic Adjustment and the Role of Capital MobilityThe Appropriate Use of Monetary and Fiscal PoliciesStabilization Policies Under Fixed and Flexible Exchange RatesThe Standard Mundell–Fleming ModelFundamental Propositions of the Mundell–Fleming ModelThe Structure of the Mundell–Fleming ModelThe Reduced Form Equation of the Equilibrium Exchange RateThe Current AccountThe Capital AccountStabilization Policies Under Alternative Exchange Rate RegimesFixed Exchange Rates, Capital Mobility and Stabilization PoliciesFlexible Exchange Rates, Capital Mobility, and Stabilization PoliciesA Critique of Mundell's Results About Stabilization PoliciesMcLeod's Critique of Mundell's ResultsNiehans's Doubts About the Efficacy of Monetary PolicyRecapitulation

Keywords: Models of Exchange Rate Determination; Balance of Payments; Macroeconomic Approach to Exchange Rates; Microstructure Approach to Exchange Rates; Mundell-Fleming Model; Flexible-Price Monetary Model of Exchange Rates; Portfolio Balance Model; Currency Substitution Model (search for similar items in EconPapers)
JEL-codes: I10 (search for similar items in EconPapers)
Date: 2009
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