This paper examines the conventional monetary equation of exchange rate determination. Under certain exogeneity conditions, one can write the price level, at home and abroad, as the ratio of the ...

This paper discusses the link between portfolio diversification models of exchange risk and the macroeconomics of exchange rate determination. A first part sets out the mean-variance model of ...

Monetary Policy Committee released a press release that showed notable changes in the expression regarding the exchange rate after the 4Q24 reg ...