IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-16510-0_4.html
   My bibliography  Save this book chapter

The Exchange Rate

In: Monetarism or Prosperity?

Author

Listed:
  • Bryan Gould
  • John Mills
  • Shaun Stewart

Abstract

As we have seen, international monetarists argue that the exchange rate is irrelevant in determining the direction of the real economy and affects only monetary phenomena, such as the level of prices. This view was put to a practical test from 1977 to the time of writing (October 1980), when sterling was permitted, if not encouraged, to appreciate almost continuously as a result of the saving to the balance of payments from North Sea oil and of the massive inflow of foreign capital in 1977 and again in 1979–80 to take advantage of high interest rates.

Suggested Citation

  • Bryan Gould & John Mills & Shaun Stewart, 1981. "The Exchange Rate," Palgrave Macmillan Books, in: Monetarism or Prosperity?, chapter 4, pages 79-121, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16510-0_4
    DOI: 10.1007/978-1-349-16510-0_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-16510-0_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.