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The exchange rate

In: The International Monetary System and the Theory of Monetary Systems

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Abstract

The exchange rate is the price of a currency in terms of another one. According to what has been explained in Chapter 3, the equilibrium exchange rate is the exchange rate the value of which is such that suppliers and demanders of a currency against another currency are satisfied. The determination of an equilibrium exchange rate is studied in other chapters. Monetary authorities can influence an exchange rate by various means – which are also studied later on – for instance by implementing fixed exchange rates.

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  • ., 2016. "The exchange rate," Chapters, in: The International Monetary System and the Theory of Monetary Systems, chapter 6, pages 52-56, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17285_6
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    Cited by:

    1. Pippenger, John, 2017. "Forward Bias, The Failure Of Uncovered Interest Parity And Related Puzzles," University of California at Santa Barbara, Economics Working Paper Series qt2ff194s2, Department of Economics, UC Santa Barbara.
    2. Tomosk, Steve & Haysom, Joan E. & Wright, David, 2017. "Quantifying economic risk in photovoltaic power projects," Renewable Energy, Elsevier, vol. 109(C), pages 422-433.
    3. Fuhrer, Lucas Marc, 2018. "Liquidity in the repo market," Journal of International Money and Finance, Elsevier, vol. 84(C), pages 1-22.
    4. Otuya Sunday & Ofeimun Godwin, 2017. "Effects of Board Globalizing on Financial Performance of Banks in Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(4), pages 1-10, October.

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    Keywords

    Economics and Finance;

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