The problem of exchange rate appreciation: theoretical and practical considerations

Authors

  • Jorge Fernández-Baca UP

DOI:

https://doi.org/10.21678/apuntes.27.313

Keywords:

Peru, exchange rate, economic models

Abstract

​This article considers the prospects for constructing a theoretical framework that allows the author understand the trend of the real exchange rate in Peru since 1989. After discarding the Purchasing Power Parity approach, because of its theoretical flaws and the portfolio approaches, because of their short-run emphasis, the author states the need for a real approach. Based on the Dornbusch, Fischer and Samuelson model he proposes an explanation in term of the interrelation between the sectors producing tradeables and non tradeables goods.

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Published

1990-12-10

How to Cite

Fernández-Baca, J. (1990). The problem of exchange rate appreciation: theoretical and practical considerations. Apuntes. Social Sciences Journal, (27), 3–11. https://doi.org/10.21678/apuntes.27.313

Issue

Apuntes 27

Section

Articles

License

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