Capital Flows and Employment under Flexible Exchange Rates: The Case of Perfect Substitution

1974 ◽  
Vol 7 (2) ◽  
pp. 319
Author(s):  
George Rich
Keyword(s):  
Exchange Rates ◽  
Capital Flows ◽  
Perfect Substitution ◽  
Flexible Exchange Rates

Short-term capital flows under flexible exchange rates

1977 ◽  
Vol 113 (1) ◽  
pp. 48-57
Author(s):  
Klaus Friedrich ◽  
Charles D. Cathcart
Keyword(s):  
Exchange Rates ◽  
Capital Flows ◽  
Short Term ◽  
Flexible Exchange Rates

Capital Flows and Employment under Flexible Exchange Rates

1968 ◽  
Vol 1 (2) ◽  
pp. 318 ◽  
Author(s):  
James R. Melvin
Keyword(s):  
Exchange Rates ◽  
Capital Flows ◽  
Flexible Exchange Rates

On the insulation properties of flexible exchange rates

1979 ◽  
Vol 30 (4) ◽  
pp. 719-746
Author(s):  
Stephen Turnovsky
Keyword(s):  
Exchange Rates ◽  
Flexible Exchange Rates

Inflation Targeting, Flexible Exchange Rates, and Macroeconomic Performance Since the Great Recession

2013 ◽  
Author(s):  
Thomas Barnebeck Andersen ◽  
Nikolaj Malchow-MMller ◽  
Jens J. Nordvig
Keyword(s):  
Exchange Rates ◽  
Great Recession ◽  
Inflation Targeting ◽  
Macroeconomic Performance ◽  
The Great Recession ◽  
Flexible Exchange Rates

Capital Flows and Exchange Rates: An Empirical Analysis

2004 ◽  
Author(s):  
Gregorios Siourounis
Keyword(s):  
Exchange Rates ◽  
Empirical Analysis ◽  
Capital Flows

Strategies for modeling exchange rates and capital flows in multicountry models

1988 ◽  
Vol 10 (2) ◽  
pp. 205-228 ◽  
Author(s):  
Paul R. Masson
Keyword(s):  
Exchange Rates ◽  
Capital Flows

scholarly journals International Liquidity and Exchange Rate Dynamics *

2015 ◽  
Vol 130 (3) ◽  
pp. 1369-1420 ◽  
Author(s):  
Xavier Gabaix ◽  
Matteo Maggiori
Keyword(s):  
Exchange Rate ◽  
Financial Markets ◽  
Exchange Rates ◽  
Capital Flows ◽  
Risk Sharing ◽  
Market Model ◽  
International Liquidity ◽  
Balance Sheets ◽  
Macroeconomic Analysis ◽  
International Pricing

Abstract We provide a theory of the determination of exchange rates based on capital flows in imperfect financial markets. Capital flows drive exchange rates by altering the balance sheets of financiers that bear the risks resulting from international imbalances in the demand for financial assets. Such alterations to their balance sheets cause financiers to change their required compensation for holding currency risk, thus affecting both the level and volatility of exchange rates. Our theory of exchange rate determination in imperfect financial markets not only helps rationalize the empirical disconnect between exchange rates and traditional macroeconomic fundamentals, it also has real consequences for output and risk sharing. Exchange rates are sensitive to imbalances in financial markets and seldom perform the shock absorption role that is central to traditional theoretical macroeconomic analysis. Our framework is flexible; it accommodates a number of important modeling features within an imperfect financial market model, such as nontradables, production, money, sticky prices or wages, various forms of international pricing-to-market, and unemployment.

Are flexible exchange rates really more volatile? Evidence from the early 1900s

1992 ◽  
Vol 24 (11) ◽  
pp. 1213-1218 ◽  
Author(s):  
Susan Pozo
Keyword(s):  
Exchange Rates ◽  
Flexible Exchange Rates
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