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Exchange-rate economics for the resources sector

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  • Clements, Kenneth
  • Lan, Yihui
  • Roberts, John

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 the risk management practices used to deal with it, the role of productivity differences across countries, and the impact of a booming resources sector on the country's exchange rate. The discussion is organized around a simple stylized model that emphasizes the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.

Suggested Citation

  • Clements, Kenneth & Lan, Yihui & Roberts, John, 2008. "Exchange-rate economics for the resources sector," Resources Policy, Elsevier, vol. 33(2), pages 102-117, June.
    • Handle: RePEc:eee:jrpoli:v:33:y:2008:i:2:p:102-117
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