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The Equilibrium Approach to Exchange Rates

FRB Richmond Economic Review, vol. 73, no. 2, March/April 1987, pp. 12-30

19 Pages Posted: 27 Oct 2012

See all articles by Alan C. Stockman

Alan C. Stockman

University of Rochester - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: 1987

Abstract

Media reports on foreign exchange rates are filled with discussions of “overvalued” or “undervalued” currencies. Stories in the financial press about changes in exchange rates frequently state that they affect international competitiveness and employment.

Suggested Citation

Stockman, Alan C., The Equilibrium Approach to Exchange Rates (1987). FRB Richmond Economic Review, vol. 73, no. 2, March/April 1987, pp. 12-30, Available at SSRN: https://ssrn.com/abstract=2125264

Alan C. Stockman (Contact Author)

University of Rochester - Department of Economics ( email )

Harkness Hall
Rochester, NY 14627
United States
585-275-7214 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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