Jump to ContentJump to Main Navigation
International FinanceA Survey$
Users without a subscription are not able to see the full content.

H. Kent Baker and Leigh A. Riddick

Print publication date: 2012

Print ISBN-13: 9780199754656

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199754656.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 10 December 2018

A Primer on Exchange Rate Behavior

A Primer on Exchange Rate Behavior

Chapter:
(p.17) 2 A Primer on Exchange Rate Behavior
Source:
International Finance
Author(s):

JAMES R. LOTHIAN

MARK P. TAYLOR

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199754656.003.0002

Exchange rate behavior has been a major concern in international finance since the breakdown of the Bretton Woods system of pegged exchange rates in the early 1970s. This chapter reviews the empirical evidence accumulated in the four decades that have elapsed since that event. It focuses first on behavior over the long run—periods of several years or more in length—and then turns to behavior over much shorter periods. To set the stage for these discussions, the chapter begins with an overview of some of the relevant economic theory and of historical antecedents of current exchange-rate research.

Keywords:   exchange rate behavior, nominal exchange rate, real exchange rate, purchasing power parity, foreign exchange microstructure, exchange-rate puzzles

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .