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Real Exchange Rates

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The New Palgrave Dictionary of Economics

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Abstract

The real exchange rate plays a central role in the open economy. This article describes the various ways in which the real exchange rate has been defined in the literature. It also examines the theoretical and empirical determinants of this variable.

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Menzie D. Chinn

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  1. Menzie D. Chinn
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© 2018 Macmillan Publishers Ltd.

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Chinn, M.D. (2018). Real Exchange Rates. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2418

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