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Diversified Currency Holdings and Flexible Exchange Rates

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  • Chau-nan Chen

Abstract

I. The model, 97. — II. The equations of change: Free currency interflow and the "Rybczynski" effect, 99. — III. Comparative statics and comparative systems, 104. — IV. Concluding remarks, 107. — Appendix: The case of perfect mobility of capital, 109.

Suggested Citation

  • Chau-nan Chen, 1973. "Diversified Currency Holdings and Flexible Exchange Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(1), pages 96-111.
  • Handle: RePEc:oup:qjecon:v:87:y:1973:i:1:p:96-111.
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    File URL: http://hdl.handle.net/10.2307/1885226
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    Cited by:

    1. ALBULESCU, Claudiu Tiberiu & PÉPIN, Dominique & MILLER, Stephen M., 2019. "The micro-foundations of an open economy money demand: An application to central and eastern European countries," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 33-45.
    2. Jacob A. Frenkel & Kenneth W. Clements, 1978. "Exchange Rates in The 1920's: A Monetary Approach," NBER Working Papers 0290, National Bureau of Economic Research, Inc.
    3. Frenkel, Jacob A. & Mussa, Michael L., 1985. "Asset markets, exchange rates and the balance of payments," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747, Elsevier.
    4. John H. Rogers & Ping Wang, 1993. "High inflation: causes and consequences," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Dec, pages 37-51.
    5. Claudiu Tiberiu Albulescu & Dominique Pépin & Stephen Miller, 2016. "The micro-foundations of an open economy money demand: An application to the Central and Eastern European countries," Working Papers hal-01348842, HAL.

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