Exchange-Rate Economics for the Resources Sector

Kenneth Clements, Yihui Lan () and John Roberts
Additional contact information
Yihui Lan: UWA Business School, The University of Western Australia
John Roberts: UWA Business School, The University of Western Australia

No 07-13, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: The paper provides an account of aspects of exchange-rate economics that are of particular relevance to the resources sector. The issues discussed include exchange-rate volatility and risk management practices used to deal with it, the role of productivity differences across countries, the impact of a booming resources sector on the country’s exchange rate and approaches to forecasting exchange rates. The discussion is organised around a simple stylised model that emphasises the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.

Pages: 38 pages
Date: 2007
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https://www.business.uwa.edu.au/school/disciplines/economics/?a=37047 (application/pdf)

Related works:
Journal Article: Exchange-rate economics for the resources sector (2008)
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