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Exchange-Rate Economics for the Resources Sector

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  • Kenneth W Clements

    (UWA Business School, The University of Western Australia)

  • Yihui Lan

    (UWA Business School, The University of Western Australia)

  • John Roberts

    (UWA Business School, The University of Western Australia)

Abstract

The paper provides an account of aspects of exchange-rate economics that are of particular relevance to the resources sector. The issues discussed include exchange-rate volatility and risk management practices used to deal with it, the role of productivity differences across countries, the impact of a booming resources sector on the country’s exchange rate and approaches to forecasting exchange rates. The discussion is organised around a simple stylised model that emphasises the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.

Suggested Citation

  • Kenneth W Clements & Yihui Lan & John Roberts, 2007. "Exchange-Rate Economics for the Resources Sector," Economics Discussion / Working Papers 07-13, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:07-13
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    File URL: https://www.business.uwa.edu.au/school/disciplines/economics/?a=37047
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