Journal Article
A hitchhiker's guide to understanding exchange rates
Abstract: A nontechnical guide to exchange rates that discusses the role of inflation and monetary policy in determining exchange rate movements, uses balance-of-payments concepts to illustrate the economic role of the real exchange rate, and examines the crucial role of expectations.
Keywords: Foreign exchange rates;
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https://doi.org/10.26509/frbc-ec-19980101
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1998
Issue: Jan
Order Number: 1