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The exchange rate

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


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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.

Suggested Citation

  • ., 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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    References listed on IDEAS

    1. Ajit Singh, 2003. "Competition, corporate governance and selection in emerging markets," Economic Journal, Royal Economic Society, vol. 113(491), pages 443-464, November.
    2. Levenstein, Margaret & Suslow, Valerie Y. & Oswald, Lynda J., 2003. "Contemporary International Cartels And Developing Countries: Economic Effects And Implications For Competition Policy," Working Papers 14590, International Agricultural Trade Research Consortium.
    3. Adelina Gschwandtner, 2012. "Evolution Of Profit Persistence In The Usa: Evidence From Three Periods," Manchester School, University of Manchester, vol. 80(2), pages 172-209, March.
    4. Goddard, J. A. & Wilson, J. O. S., 1999. "The persistence of profit: a new empirical interpretation," International Journal of Industrial Organization, Elsevier, vol. 17(5), pages 663-687, July.
    5. Krugman, Paul R, 1987. "Is Free Trade Passe?," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 131-144, Fall.
    6. Adelina Gschwandtner, 2004. "Evolution of Profit Persistence in the US: Evidence from four 20-years periods," Vienna Economics Papers 0410, University of Vienna, Department of Economics.
    7. Dani Rodrik, 1992. "The Limits of Trade Policy Reform in Developing Countries," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 87-105, Winter.
    8. Amsden, Alice H. & Singh, Ajit, 1994. "The optimal degree of competition and dynamic efficiency in Japan and Korea," European Economic Review, Elsevier, vol. 38(3-4), pages 941-951, April.
    9. Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 17-25, Autumn.
    10. B. Burcin Yurtoglu, 2004. "Persistence of firm-level profitability in Turkey," Applied Economics, Taylor & Francis Journals, vol. 36(6), pages 615-625.
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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. repec:eee:renene:v:109:y:2017:i:c:p:422-433 is not listed on IDEAS
    3. Lucas Marc Fuhrer, 2017. "Liquidity in the Repo Market," Working Papers 2017-06, Swiss National Bank.
    4. repec:hur:ijaraf:v:7:y:2017:i:4:p:1-10 is not listed on IDEAS

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