| Titre | Comment se fixent les taux de change ? Un bilan | |
|---|---|---|
| Auteur | Agnès Bénassy | |
 |
Revue | Economie et prévision |
| Numéro | no 107, 1993/1 Études internationales | |
| Rubrique / Thématique | Etudes internationales |
|
| Page | 37-62 | |
| Résumé anglais |
How are Exchange Rates Set?
by Agnès Bénassy.
The article reviews current knowledge concerning the determination of exchange rates in a floating exchange rate system. The different theories are explained in order of increasing complexity from the uniform price law to the bubble theories. Empirical tests are then examined to show the traditional models' lack of empirical pertinence. The future should see the development of models combining a medium-term macroeconomic and structural approach (fundamental determinants) with an extremely short-term financial approach (bubbles and volatility). Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1993_num_107_1_5596 |
