In this paper we consider a range of topics which connect exchange rates to the economic growth process. In particular, we first of all outline the basic properties of exchange rates when they are flexible. One key feature of flexible exchange rates is that they are highly volatile and such...

Theoretical investigations, relying mainly on numerical solutions of the non-linear differential equations of the reorientation angle, are conducted for a wide range of parameters and for a number of physical configurations which include self-diffraction and fast transients. The experiments are...