DocumentCode :
2604889
Title :
Exchange rate dynamics of the dollar
Author :
Ai-jian, Wang ; Nan, Lin
Author_Institution :
Sch. of Finance & Banking, Tianjin Univ. of Finance & Econ., Tianjin, China
fYear :
2010
fDate :
24-26 Nov. 2010
Firstpage :
1179
Lastpage :
1185
Abstract :
The analysis of exchange rate decision and its dynamic adjustment are the core of exchange rate theory. In this paper, based on the exchange rate overshooting model, we highlight the mechanism of financial economy and real economy and their two-wheeled driven manner operation, which is associated with the aggregate supply and aggregate demand of macroeconomic. With the help of nonlinear macro-finance theory, we introduce tradable financial assets into the money supply and demand analysis, and try to make a new analytical framework. From the angle of financial economy and real economy, we analyze the dynamic changes in the nominal exchange rate U.S. dollar, and use it as a basis for empirical research, examining the U.S. dollar exchange rate and economic misalignment.
Keywords :
exchange rates; macroeconomics; statistical analysis; supply and demand; U.S. dollar; exchange rate dynamic adjustment; exchange rate overshooting model; financial economy; macroeconomic; money supply and demand analysis; nonlinear macrofinance theory; tradable financial assets; two-wheeled driven manner operation; Aggregates; Analytical models; Biological system modeling; Exchange rates; Macroeconomics; Mathematical model; AD-AS; US dollar; exchange rate; overshooting model;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management Science and Engineering (ICMSE), 2010 International Conference on
Conference_Location :
Melbourne, VIC
ISSN :
2155-1847
Print_ISBN :
978-1-4244-8116-3
Type :
conf
DOI :
10.1109/ICMSE.2010.5719944
Filename :
5719944
Link To Document :
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