Basic Exchange Rate Theories

Charles Marrewijk

No 2005-01, Centre for International Economic Studies Working Papers from University of Adelaide, Centre for International Economic Studies

Abstract: This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from short-run to long-run in a sticky-price model with rational expectations. We provide ample anecdotal, historical, and heuristic information on the goodness-of-fit of the various exchange rate models based on simple graphs, statistics, and tests. Details are provided in technical notes.

JEL-codes: E F G (search for similar items in EconPapers)
Pages: 98 pages
Date: 2005-02
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.adelaide.edu.au/cies/papers/0501.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.adelaide.edu.au/cies/papers/0501.pdf [301 https://www.adelaide.edu.au/cies/papers/0501.pdf]--> https://www.adelaide.edu.au/cies/papers/0501.pdf)

Related works:
Working Paper: Basic Exchange Rate Theories (2005)
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:adl:cieswp:2005-01

Access Statistics for this paper

More papers in Centre for International Economic Studies Working Papers from University of Adelaide, Centre for International Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Dmitriy Kvasov ( this e-mail address is bad, please contact ).