Andrade, Rogerio P.; Prates, Daniela Magalhes - In: Journal of Post Keynesian Economics 35 (2013) 3, pp. 399-416
This paper discusses exchange rate behavior in what we call a peripheral monetary economy. First, it analyzes the essential properties of an open monetary economy, stressing the notions of assets' own rates of interest, liquidity preference, uncertainty, and conventions. The paper also...