Show simple item record

dc.contributor.authorMakin, Tonyen_US
dc.contributor.editorL. Vaughan Williamsen_US
dc.date.accessioned2017-05-03T12:19:24Z
dc.date.available2017-05-03T12:19:24Z
dc.date.issued2005en_US
dc.date.modified2007-11-23T02:58:51Z
dc.identifier.issn13637029en_US
dc.identifier.urihttp://hdl.handle.net/10072/4623
dc.description.abstractThis article proposes an alternative monetary model for examining the effects of domestic monetary shocks on the exchange rate and the balance of payments. Using an output-expenditure framework, it shows that domestic monetary shocks can drive a wedge between national expenditure and production and generate incipient current account imbalances with exchange rate and balance of payments implications. Contrary to previous monetary approaches, the model suggests a new chain of causality that runs from domestic money to the exchange rate to the price level, rather than from money to the price level to the exchange rate. It also shows that under fixed rates external adjustment is consistent with money market equilibrium and price level stability.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent107588 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherEconomic Issues Education Funden_US
dc.publisher.placeUnited Kingdomen_US
dc.publisher.urihttp://www.economicissues.org/en_US
dc.publisher.urihttp://www.economicissues.org/archive/vol10part1.htmlen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom25en_US
dc.relation.ispartofpageto34en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalEconomic Issuesen_US
dc.relation.ispartofvolume10en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340102en_US
dc.titleA Monetary Model of Exchange Rate and Balance of Payments Adjustmenten_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2005
gro.hasfulltextFull Text


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record