01629cas a2200241 a 4500 AALejournalIMF010519 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451956948 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers, Volume 39 No. 1. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (220 pages) IMF Staff 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 This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real interest differential formulations); and the portfolio balance approach. In this paper, the literature on these views is surveyed, followed by a discussion of the empirical evidence and likely future developments in the area of exchange rate determination. The literature on foreign exchange market efficiency, exchange rates and 'news,' and international parity conditions is also reviewed. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1992/001 Full text available on IMF http://elibrary.imf.org/view/journals/024/1992/001/024.1992.issue-001-en.xml IMF e-Library