Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in International Economics
The Exchange Rate Mechanism And The Ruble Devaluation Of 1998, Philip Porter
The Exchange Rate Mechanism And The Ruble Devaluation Of 1998, Philip Porter
University Avenue Undergraduate Journal of Economics
I will first examine what I see as the common sense fundamentals of the exchange rate mechanism, noting as I go, the relationship with the current Russian crisis. In my examination, I will take the simplest approach, assuming free trade, unrestricted capital movements and negligible transaction costs. Concluding, I will delve into the quagmire of the Russian situation.