Exchange rates, prices and consumption

Research output: ThesisDoctoral Thesis

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Abstract

The exchange rate is often considered the most important price in the economy. Exchange-rate changes significantly affect the profitability of exporters, the prices paid by consumers, as well as complicating international economic comparisons. I find that despite the prolonged gyrations of currency values and the multitude of trade barriers, the forces of arbitrage and resource re-allocation are sufficient to overcome many of these distortions in agricultural markets over the longer term. I also show how diverse consumption behaviour across countries can be unified and characterised by a simple economic model with incomes and prices as the main determinants.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • Lan, Yihui, Supervisor
  • Clements, Kenneth, Supervisor
Thesis sponsors
Award date3 Mar 2020
DOIs
Publication statusUnpublished - 2020

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