A Model of Market Clearing Exchange Rates
Published By: GIPE on eSS | Published Date: August, 06 , 2009This paper formulates a model of exchange rate determination that
describes the market processes by which the foreign exchange markets
are cleared and international receipts of countries are brought into
equality with their international payments. The model is capable of being explicitly
solved for the actual world economy provided the balance of payments
data which are routinely collected by central banks and reported to the
IMF are arranged by their countrywise origins and destinations.
Author(s): Rajas Parchure | Posted on: Aug 06, 2009 | Views(1511) | Download (773)