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A hitchhiker's guide to understanding exchange rates

Author

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  • Owen F. Humpage

Abstract

A nontechnical guide to exchange rates that discusses the role of inflation and monetary policy in determining exchange rate movements, uses balance-of-payments concepts to illustrate the economic role of the real exchange rate, and examines the crucial role of expectations.

Suggested Citation

  • Owen F. Humpage, 1998. "A hitchhiker's guide to understanding exchange rates," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jan.
    • Handle: RePEc:fip:fedcec:y:1998:i:jan1
    DOI: 10.26509/frbc-ec-19980101
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    Cited by:

    1. Mohamed Aslam, 2012. "Exchange Rate Policy in Developing Countries: The East Asian Experience," Chapters, in: Claude Gnos & Louis-Philippe Rochon & Domenica Tropeano (ed.), Employment, Growth and Development, chapter 8, Edward Elgar Publishing.

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    Keywords

    Foreign exchange rates;

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