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- W2365251796 abstract "The theory of exchange rate determination is the heart of the international finance.There are many classic articles in this field.It can be found that the development of the theory follows an implicit logic path.The first scholars used flow market approach to see how the exchange rate to be determinated.The latter economists thought exchange rate should be determinated in the asset market,so they used monetary approach to slove this problem.But they all completely ignored the effect of the payment of balance.The stock-flow approach is the tradeoff of the above.But it is not simlpy the sum of the two.It is the most popular method used now.This paper will describe the main contents of and the logic relationships among these theories." @default.
- W2365251796 created "2016-06-24" @default.
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- W2365251796 date "2004-01-01" @default.
- W2365251796 modified "2023-10-18" @default.
- W2365251796 title "Development of Modern Exchange Rate Determination Theory: From Flow Approach to Stock Approach then to Stoch-Flow Approach" @default.
- W2365251796 hasPublicationYear "2004" @default.
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