Diamandis, Panayiotis F.; Drakos, Anastassios A.; … - In: Macroeconomic analysis and international finance, (pp. 85-124). 2014
Purpose The purpose of this paper is to provide an extensive review of the monetary model of exchange rate determination which is the main theoretical framework on analyzing exchange rate behavior over the last 40 years. Furthermore, we test the flexible price monetarist variant and the sticky...