@techreport{4bbfcb4a16e8476a91e9bb2f900ba880,
title = "Exchange-Rate Economics For The Resources Sector",
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 risk management practices used to deal with it, the role of productivity differences across countries, the impact of a booming resources sector on the country{\textquoteright}s exchange rate and approaches to forecasting exchange rates. The discussion is organised around a simple stylised model that emphasises the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.",
author = "Kenneth Clements and Yihui Lan and John Roberts",
year = "2007",
language = "English",
series = "Economics Discussion Papers",
publisher = "UWA Business School",
number = "13",
address = "Australia",
type = "WorkingPaper",
institution = "UWA Business School",
}