期刊名称：Discussion paper / Centre for International Economic Studies, University of Adelaide
电子版ISSN：1445-3746
出版年度：2005
卷号：1
页码：27-27
出版社：Centre for International Economic Studies, University of Adelaide
摘要：The monetary approach emphasizes the fact that the exchange rate is the relative price of
two monies. The demand for money therefore plays an important role in the adjustment
process and in determining exchange rate levels. We also discuss the degree of price
flexibility and the role of expectations formation.
