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Exchange Rates and the International Adjustments Process

Author

Listed:
  • Pentti J. K. Kouri

    (Yale University)

  • Jorge Braga De Macedo

    (Yale University)

Abstract

No abstract is available for this item.

Suggested Citation

  • Pentti J. K. Kouri & Jorge Braga De Macedo, 1978. "Exchange Rates and the International Adjustments Process," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(1), pages 111-158.
    • Handle: RePEc:bin:bpeajo:v:9:y:1978:i:1978-1:p:111-158
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    File URL: https://www.brookings.edu/wp-content/uploads/1978/01/1978a_bpea_kouri_bragademacedo_salant_whitman.pdf
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    Citations

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    Cited by:

    1. Meissner, Christopher M. & Oomes, Nienke, 2009. "Why do countries peg the way they peg? The determinants of anchor currency choice," Journal of International Money and Finance, Elsevier, vol. 28(3), pages 522-547, April.
    2. Michael P. Dooley & Peter Isard, 1978. "A portfolio-balance rational-expectations model of the dollar-mark rate, May 1973-June 1977," International Finance Discussion Papers 123, Board of Governors of the Federal Reserve System (U.S.).
    3. Dominguez, Kathryn M. & Frankel, Jeffrey A., 1992. "Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects," Center for International and Development Economics Research (CIDER) Working Papers 233167, University of California-Berkeley, Department of Economics.
    4. Coeurdacier, Nicolas & Gourinchas, Pierre-Olivier, 2016. "When bonds matter: Home bias in goods and assets," Journal of Monetary Economics, Elsevier, vol. 82(C), pages 119-137.
    5. Nelson Camanho & Harald Hau & Hélène Rey, 2022. "Global Portfolio Rebalancing and Exchange Rates," The Review of Financial Studies, Society for Financial Studies, vol. 35(11), pages 5228-5274.
    6. Henk Kranendonk & Johan Verbruggen, 2005. "How to determine the contributions of domestic demand and exports to economic growth?," CPB Memorandum 129.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    7. Frankel, Jeffrey A., 1994. "The Internalization of Equity Markets: Introduction," Center for International and Development Economics Research (CIDER) Working Papers 233216, University of California-Berkeley, Department of Economics.
    8. Maurico Obstfeld, 2004. "External adjustment," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(4), pages 541-568, December.
    9. Kathryn Dominguez & Jeffrey A. Frankel, 1991. "Does foreign exchange intervention matter? disentangling the portfolio and expectations effects for the mark," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
    10. William H. Branson & Louka T. Katseli, 1981. "Currency Baskets and Real Effective Exchange Rates," NBER Working Papers 0666, National Bureau of Economic Research, Inc.
    11. Ricarda Demarmels & Andreas M. Fischer, 2002. "Understanding Reserve Volatility in Emerging Markets: A Look at the Last Thirty Years," Working Papers 02.02, Swiss National Bank, Study Center Gerzensee.
    12. Coeurdacier, Nicolas & Gourinchas, Pierre-Olivier, 2016. "When bonds matter: Home bias in goods and assets," Journal of Monetary Economics, Elsevier, vol. 82(C), pages 119-137.
    13. Peter Isard, 1980. "Factors determining exchange rates: the roles of relative price levels, balances of payments, interest rates and risk," International Finance Discussion Papers 171, Board of Governors of the Federal Reserve System (U.S.).
    14. Jorge Braga de Macedo, 1984. "Trade and Financial Interdependence Under Flexible Exchange Rates: The Pacific Area," NBER Working Papers 1517, National Bureau of Economic Research, Inc.
    15. repec:hal:spmain:info:hdl:2441/5djvq5crl99rmab9vc66fecm3h is not listed on IDEAS
    16. Frankel, Jeffrey A., 1983. "Estimation of portfolio-balance functions that are mean-variance optimizing : The mark and the dollar," European Economic Review, Elsevier, vol. 23(3), pages 315-327, September.
    17. Glassman, Debra A. & Riddick, Leigh A., 1996. "Why empirical international portfolio models fail: evidence that model misspecification creates home asset bias," Journal of International Money and Finance, Elsevier, vol. 15(2), pages 275-312, April.
    18. van Wincoop, Eric & Warnock, Francis E., 2010. "Can trade costs in goods explain home bias in assets?," Journal of International Money and Finance, Elsevier, vol. 29(6), pages 1108-1123, October.
    19. Stefan Boeters, 2009. "Optimal tax progressivity in unionised labour markets; what are the driving forces?," CPB Discussion Paper 129.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    20. repec:hal:spmain:info:hdl:2441/c8dmi8nm4pdjkuc9g821o6lsg is not listed on IDEAS
    21. repec:hal:spmain:info:hdl:2441/5glg8brs7n87c8vqcn2qok0961 is not listed on IDEAS
    22. Paul R. Krugman, 1981. "Consumption Preferences, Asset Demands, and Distribution Effects in International Financial Markets," NBER Working Papers 0651, National Bureau of Economic Research, Inc.
    23. Jorge Braga de Macedo & Luis Brites Pereira, 2006. "The credibility of Cabo Verde’s currency peg," Nova SBE Working Paper Series wp494, Universidade Nova de Lisboa, Nova School of Business and Economics.
    24. Jorge Braga de Macedo & Luis Pereira & Afonso Reis, 2009. "Comparing Exchange Market Pressure across Five African Countries," Open Economies Review, Springer, vol. 20(5), pages 645-682, November.
    25. Zhang, Bin, 2011. "Is It Desirable for Asian Economies to Hold More Asian Assets in Their Foreign Exchange Reserves?—The People’s Republic of China’s Answer," ADBI Working Papers 306, Asian Development Bank Institute.

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    Keywords

    macroeconomics; exchange rates;

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