Exchange Rate Economics

Much of the paper is devoted to expounding the standard model of the exchange rate accepted by most economists today. This regards the exchange rate as a forward-looking asset price. Its steady-state level is determined by the need to have a curren...

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Bibliographic Details
Main Author: Williamson, John
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
Online Access:http://documents.worldbank.org/curated/en/364601468331914407/Exchange-rate-economics
http://hdl.handle.net/10986/28039