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Dornbusch, R. Equilibrium and Disequilibrium Exchange Rates. Journal of Contextual Economics – Schmollers Jahrbuch, 102(6), 573-599. https://doi.org/10.3790/schm.102.6.573
Dornbusch, Rüdiger "Equilibrium and Disequilibrium Exchange Rates" Journal of Contextual Economics – Schmollers Jahrbuch 102.6, 1982, 573-599. https://doi.org/10.3790/schm.102.6.573
Dornbusch, Rüdiger (1982): Equilibrium and Disequilibrium Exchange Rates, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 102, iss. 6, 573-599, [online] https://doi.org/10.3790/schm.102.6.573
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Equilibrium and Disequilibrium Exchange Rates

Dornbusch, Rüdiger

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 102 (1982), Iss. 6 : pp. 573–599

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/schm.102.6.573
Language
Multiple languages
Pages
27

Dornbusch, Rüdiger

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Table of Contents

Section Title Page Action Price
Rudiger Dornbusch: Equilibrium and Disequilibrium Exchange Rates 573
1. Exchange Rate Theories 576
The Monetary Approach 576
The Terms of Trade Model 577
Imperfect Asset Substitutability 579
Empirical Evidence 580
2. Four Problems 583
Bubbles 583
The Peso Problem 585
Extraneous Beliefs 587
The Dollar Problem 589
3. What is to be Done? 592
Intervention 593
Real Interest Equalization Taxes 595
Summary 597
Zusammenfassung 597
References 597

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