01668cas a2200253 a 4500 AALejournalIMF002662 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451964394 1018-5941 BD-DhAAL BD-DhAAL Taylor, Mark. Exchange Rate Economics : A Survey / Mark Taylor, Ronald MacDonald. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (61 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We survey the literature on the two main views of exchange rate determination that have evolved since the early 1970s: the monetary approach to the exchange rate (in flex-price, sticky-price and real interest differential formulations) and the portfolio balance approach. We then go on to discuss the extant empirical evidence on these models and conclude by discussing how the future research strategy in the area of exchange rate determination is likely to develop. We also discuss the literature on foreign exchange market efficiency, on exchange rates and 'news' and on international parity conditions. Mode of access: Internet MacDonald, Ronald. IMF Working Papers; Working Paper ; No. 1991/062 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/062/001.1991.issue-062-en.xml IMF e-Library