The classical and contemporary approaches to currency exchange rate regulation
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Keywords:
рurchasing power parity, exchange rate fluctuations, co-integration, exchange rate, market economy, relative prices, float exchange rates, trends.Abstract
In this article were considered the classical theory of purchasing power parity (PPP), neoclassical theory of the currency exchange rate (theory of floating exchange rates, theory of normative exchange rate) and approaches in regulation of currency exchange rate. In addition, in the work was shown that the concept of the currency exchange rate have a long evolution, reflecting the development of the international monetary relations and effectiveness of monetary policy in Kazakhstan.References
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4.4. Habermeier K., Mesquita M. Long-Run Exchange Rate Dynamics: A Panel Data Stady //IMF Working Paper. – 1999, april.
2.2. Engle R., Granger C. Co-integration and Error Correction: Representation, Estimation, and Testing // Econometrica. – 1987. – №2. – P. 255-256.
3.3. Международные валютно-кредитные и финансовые отношения// под ред. Л.Н. Красавиной. – М., 2000. – С. 181.
4.4. Habermeier K., Mesquita M. Long-Run Exchange Rate Dynamics: A Panel Data Stady //IMF Working Paper. – 1999, april.
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Койшыбайулы, Е., & Азимбердиев, М. (2015). The classical and contemporary approaches to currency exchange rate regulation. Journal of Economic Research &Amp; Business Administration, 93(5), 82–87. Retrieved from https://be.kaznu.kz/index.php/math/article/view/719
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ECONOMICS
