Frenkel, Jacob A.; Mussa, Michael L. - In: Handbook of international economics : volume 2, (pp. 679-747). 1985
. In some analyses, expectations of future exchange rates had an important influence on current exchange rates by affecting … exchange rates beginning with a simple exposition of the key elements of the monetary mechanism of balance of payments … adjustment. Finally, the chapter also deals with the theory of flexible exchange rates. The evolution of the international …