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Type: Artigo de periódico
Title: Exchange rate dynamics in a peripheral monetary economy
Author: Andrade, RP
Prates, DM
Abstract: This paper discusses exchange rate behavior in what we call a peri-pheral monetary economy. First, it analyzes the essential properties of an open monetary economy, stressing the notions of assets' own rates of interest, liquidity preference, uncertainty, and conventions. The paper also approaches the historical and institutional peculiarities associated with the way in which peripheral economies are integrated into the existing international monetary and financial system (so-called financial globalization in the post-Bretton Woods era), and reappraises the idea of "peripheral condition." Against this background, it examines the characteristics of exchange rate behavior in these economies.
Subject: exchange rates
monetary economy
Keynesian economics
Country: EUA
Editor: M E Sharpe Inc
Citation: Journal Of Post Keynesian Economics. M E Sharpe Inc, v. 35, n. 3, n. 399, n. 416, 2013.
Rights: fechado
Identifier DOI: 10.2753/PKE0160-3477350304
Date Issue: 2013
Appears in Collections:Unicamp - Artigos e Outros Documentos

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