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Expectations and exchange rate dynamics

Dornbusch, Rudiger - In: Foreign exchange markets, (pp. 25-40). 2005

Persistent link: https://www.econbiz.de/10003290883

Exchange rate risk and the macroeconomics of exchange rate determination

Dornbusch, Rudiger - 1983

Persistent link: https://www.econbiz.de/10003533740

Inflation, exchange rates and stabilization

Dornbusch, Rudiger - 1986

Persistent link: https://www.econbiz.de/10004060707

The Flexible Exchange Rate System : Experience and Alternatives

Dornbusch, Rudiger - 1987

We review ten aspects of how floating exchange rates have worked in practice, contrasted with ten characteristics that the system was supposed to have in theory. We conclude that the foreign exchange market is characterized by high transactions-volume, short-term horizons, and an absence of...

Persistent link: https://www.econbiz.de/10012476603

Exchange Rates and Prices

Dornbusch, Rudiger - 1985

The appreciation of the U.S. dollar over the past five years opens important areas of research. The fact of a large and persistent real appreciation poses a challenge for equilibrium theorists to uncover the change in fundamentals and seems to support the role of long-term wage contracts in...

Persistent link: https://www.econbiz.de/10012477307

Inflation, Exchange Rates and Stabilization

Dornbusch, Rudiger - 1985

in the transition from high to even higher inflation discussed in the context of Brazil; exchange rate fixing and real …

Persistent link: https://www.econbiz.de/10012477340

Special Exchange Rates for Capital Account Transactions

Dornbusch, Rudiger - 1985

The exchange rate consistent with high employment and a balanced current account are rarely the same as the rates consistent with asset market equilibrium at interest rates policy makers wish to prevail. Whenever rates are freely determined the assets markets prevail and the results may be hard...

Persistent link: https://www.econbiz.de/10012477421

External Debt, Budget Deficits and Disequilibrium Exchange Rates

Dornbusch, Rudiger - 1984

central to a complete explanation. The paper documents that in Chile an extreme currency overvaluation led to a massive shift … into imported consumer durables while in Argentina overvaluation in conjunction with financial instability led to large …-scale capital flight. In the case of Brazil the budget deficit is the explanation for the growth in external indebtedness …

Persistent link: https://www.econbiz.de/10012477758

Flexible Exchange Rates and Interdependence

Dornbusch, Rudiger - 1982

The paper was prepared for the NBER-IMF conference on Exchange Rate Policy and Interdependence. It reviews the experience with flexible exchange rates and the main policy alternatives that have been suggested. The theoretical part develops a modern open economy macro model with an emphasis on...

Persistent link: https://www.econbiz.de/10012478070

Equilibrium and Disequilibrium Exchange Rates

Dornbusch, Rudiger - 1982

The paper reviews theoretical developments in the field of exchange rate theory and assesses the empirical evidence. Since the empirical evidence does not lend support to the models that have been formulated, a number of reasons for that failure are suggested. These include the argument that the...

Persistent link: https://www.econbiz.de/10012478122