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Comment on P. J. K. Kouri, “The Exchange Rate and the Balance of Payments in The Short Run and in The Long Run: A Monetary Approach”

  • Alexander K. Swoboda

Abstract

The requirements of asset-market equilibrium play a crucial role in determining the exchange rate. Changes in relative asset supplies and in the terms at which the public is willing to hold them—and these terms depend crucially on expectations—are therefore to be focused on in any analysis of exchange- rate variations in both the short and long run.

Keywords

Exchange Rate Trade Balance Excess Demand Foreign Asset Flexible Exchange Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Scandinavian Journal of Economics 1977

Authors and Affiliations

  • Alexander K. Swoboda
    • 1
  1. 1.Graduate Institute of International StudiesGenevaSwitzerland

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