The Irrationality of Exchange Rates and the Search for a Rational Economic Model

Abstract: This 6 page paper looks at the ways in which the currency exchange rate movements may be seen as logical and illogical. The paper then goes on to discuss possible models which have developed and may help the economist explain these movements, and the reasons that they will fail. The Sterling crisis of 1994 is used as an example. The bibliography cites 6 sources.

Filename: TEexrtra.wps

Pages: 6

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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