0 the rate at which the money of one country can be changed for the money of another country --
1 the rate at which the money of one country can be changed for the money of another country --
2 the rate at which the currency of one country can be changed for the currency of another country: --
In other words, the exchange rate of large coins in terms of small coins increased.
Knowing how macroeconomic shocks affect the risk premia, therefore, may be critical for understanding the dynamics of exchange rate movements.
The exchange rate shocks only account for about 5% of the volatilities of inflation.
We tried to compare different exchange rate regimes and to develop welfare evaluations.
The balance establishes the approximate location of the exchange rate within the available submaximal range.
In general, all the results show that the terms of trade and the exchange rate variables have significant coefficients with expected signs.
The necessary exchange rate changes could be achieved moreflexiblyand quietly through the market outside the system than in an enlarged snake.
In trade, the uncertainty created by high domestic inflation is compounded by the destabilising effect on the real exchange rate.
