Date of Award:
5-1994
Document Type:
Dissertation
Degree Name:
Doctor of Philosophy (PhD)
Department:
Economics and Finance
Department name when degree awarded
Economics
Committee Chair(s)
Basudeb Biswas
Committee
Basudeb Biswas
Committee
Dr. Glover
Committee
Dr. Snyder
Committee
Dr. Fawson
Committee
Dr. Canfield
Abstract
With the shift to a system of floating exchange rates among major currencies in 1973, there was a shift of emphasis from the external balance to the exchange rate determination. Attempts have been made to explain the behavior of the exchange rate both theoretically and empirically over the last 20 years. Most models could not explain what happened, as in the 1980s, when the exchange rate moved a lot. Alternative models based on different approaches give different explanations and suggest different policies. This study examines the implications of the models to see what light the empirical results shed on the issues. Results of this study indicate that both monetary and real factors are important in explaining the behavior of the exchange rate, but the results generally support the view of the monetary approach.
Checksum
27d6409ee29d38b8a5dd0b86ece41b20
Recommended Citation
Lee, Joon-Ho, "Alternative Exchange Rate Theories (Mundell-Fleming, Monetary, and Equilibrium Approach): An Empirical Investigation" (1994). All Graduate Theses and Dissertations, Spring 1920 to Summer 2023. 4049.
https://digitalcommons.usu.edu/etd/4049
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