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The Evolution Of Currency Relations In The Light Of Major Exchange Rate Adjustment Theories

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  • Sergiy TKACH

    (Yuriy Fedkovych Chernivtsi National University, 58000, Ukraine)

Abstract

This paper examines the impact of major exchange rate adjustment theories on the global monetary system. The reasons of the previous organization forms of monetary relations collapse at the global level are defined. The main achievements and failures of major exchange rate theories are described.

Suggested Citation

  • Sergiy TKACH, 2014. "The Evolution Of Currency Relations In The Light Of Major Exchange Rate Adjustment Theories," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 3(2), pages 1-12, July.
    • Handle: RePEc:scm:ecofrm:v:3:y:2014:i:2:p:12
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    References listed on IDEAS

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    1. Frankel, Jeffrey A, 1979. "On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials," American Economic Review, American Economic Association, vol. 69(4), pages 610-622, September.
    2. Meese, Richard A. & Rogoff, Kenneth, 1983. "Empirical exchange rate models of the seventies : Do they fit out of sample?," Journal of International Economics, Elsevier, vol. 14(1-2), pages 3-24, February.
    3. John R. Martin & Paul R. Masson, 1979. "Exchange Rates and Portfolio Balance," NBER Working Papers 0377, National Bureau of Economic Research, Inc.
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