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The Exchange Rate and the Trade Balance: Insular Versus Open Economies

In: Evolution of the International and Regional Monetary Systems

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  • Ronald I. McKinnon

Abstract

The relationship between the exchange rate and the trade balance has been at the centre of post-war controversies on how exchange rate regimes among the major industrial economies should be organised.

Suggested Citation

  • Ronald I. McKinnon, 1991. "The Exchange Rate and the Trade Balance: Insular Versus Open Economies," Palgrave Macmillan Books, in: Alfred Steinherr & Daniel Weiserbs (ed.), Evolution of the International and Regional Monetary Systems, chapter 7, pages 78-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11061-2_7
    DOI: 10.1007/978-1-349-11061-2_7
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