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- W163266787 abstract "This chapter presents the contemporary exchange rate economics. In the past 15 years, key exchange rates have moved in larger and more persistent ways than what advocates of flexible rates in the late 1960s would have left anyone free to imagine. Certainly there was no expectation of constancy for nominal exchange rates. The past 15 years provide a natural dividing line between the Keynesian and monetary’ approaches of the 1960s, and the more recent analysis that takes into account exchange rate expectations and portfolio issues. The chapter focuses on the persistent effects of policy disturbances. The chapter also explains the Mundell–Fleming model. Three features of the extended Mundell–Fleming model account for its strong and unambiguous predictions." @default.
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- W163266787 date "1992-01-01" @default.
- W163266787 modified "2023-09-23" @default.
- W163266787 title "CONTEMPORARY EXCHANGE RATE ECONOMICS" @default.
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- W163266787 doi "https://doi.org/10.1016/b978-0-12-444281-8.50037-4" @default.
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