IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v40y1988i2p365-77.html
   My bibliography  Save this article

Exchange Rate Protection and Exchange Rate Conflict

Author

Listed:
  • Bliss, Christopher
  • Joshi, Vijay

Abstract

This paper investigates a model of "exchange rate protection" with two countries, either or both of then seeking to protect their tradable sectors by maintaining undervalued exchange rates. The equilibrium that would result is demonstrated and shown to be inefficient, suggesting that, in principle, countries which seek to use the exchange rate as a protectionist device would gain by cooperation. A more general model is also considered in which countries may wish to antiprotect their tradable sectors by maintaining overvalued exchange rates. The models may throw light on recent episodes of undervaluation and overvaluation of major currencies. Copyright 1988 by Royal Economic Society.

Suggested Citation

  • Bliss, Christopher & Joshi, Vijay, 1988. "Exchange Rate Protection and Exchange Rate Conflict," Oxford Economic Papers, Oxford University Press, vol. 40(2), pages 365-377, June.
    • Handle: RePEc:oup:oxecpp:v:40:y:1988:i:2:p:365-77
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0030-7653%28198806%292%3A40%3A2%3C365%3AERPAER%3E2.0.CO%3B2-K&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Iljoong Kim & Inbae Kim, 2005. "Endogenous changes in the exchange rate regime: A bureaucratic incentive model," Public Choice, Springer, vol. 125(3), pages 339-361, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:40:y:1988:i:2:p:365-77. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.