Exchange rate economics is always and everywhere controversial
Document Type
Journal Article
Publication Title
Applied Economics
Publisher
Routledge
School
School of Business and Law
RAS ID
25929
Abstract
This article reviews the major developments in the recent literature on exchange rate economics. It is argued that the link between the exchange rate and economic fundamentals is breaking new ground. Evidence indicates that alternative analytical frameworks (such as the new open-economy macroeconomics) and exchange rate arrangements (such as the euro) have their theoretical and analytical elegance, but are proving empirically very difficult to implement. The role of methodological advances and alternative fundamental instruments (such as world commodity prices) is also highlighted.
DOI
10.1080/00036846.2017.1313960
Access Rights
subscription content
Comments
Manzur, M. (2018). Exchange rate economics is always and everywhere controversial. Applied Economics, 50(3), 216-232. doi:10.1080/00036846.2017.1313960
Available here.