Exchange-rate economics for the resources sector

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The paper provides an account of aspects of exchange-rate economics that are of particular relevance to the resources sector. The issues discussed include exchange-rate volatility and the risk management practices used to deal with it, the role of productivity differences across countries, and the impact of a booming resources sector on the country's exchange rate. The discussion is organized around a simple stylized model that emphasizes the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.
Original languageEnglish
Pages (from-to)102-117
JournalResources Policy
Volume33
Issue number2
DOIs
Publication statusPublished - 2008

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exchange rate
rate of exchange
purchasing power
resource
economics
resources
risk management
money
productivity
purchasing power parity
management practice
Resources
Economics
Exchange rates

Cite this

Clements, Kenneth ; Lan, Yihui ; Roberts, John. / Exchange-rate economics for the resources sector. In: Resources Policy. 2008 ; Vol. 33, No. 2. pp. 102-117.
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Exchange-rate economics for the resources sector. / Clements, Kenneth; Lan, Yihui; Roberts, John.

In: Resources Policy, Vol. 33, No. 2, 2008, p. 102-117.

Research output: Contribution to journalArticle

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AU - Clements, Kenneth

AU - Lan, Yihui

AU - Roberts, John

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AB - The paper provides an account of aspects of exchange-rate economics that are of particular relevance to the resources sector. The issues discussed include exchange-rate volatility and the risk management practices used to deal with it, the role of productivity differences across countries, and the impact of a booming resources sector on the country's exchange rate. The discussion is organized around a simple stylized model that emphasizes the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.

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