Title :
The Influence of Floating Exchange Rates on External Equilibrium
Author_Institution :
Sch. of Int. Educ., Wuhan Univ. of Technol., Wuhan
Abstract :
The paper discussed the effect of floating exchange rates under the circumstances of three types of shocks deriving from money demand, aggregate demand and aggregate supply in a macroeconomic model. The conclusion is that floating exchange rates can ensure a short-run equilibrium under a transitory shock of money demand or aggregate demand, or the shock of aggregate supply without other disturbances.
Keywords :
aggregate planning; exchange rates; financial management; macroeconomics; aggregate demand; aggregate supply; external equilibrium; floating exchange rates; macroeconomic model; money demand; short-run equilibrium; transitory shock; Aggregates; Current supplies; Educational technology; Electric shock; Equations; Exchange rates; Macroeconomics; Paper technology; Supply and demand; Yttrium;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.2297
