THE EVOLUTION OF CURRENCY RELATIONS IN THE LIGHT OF MAJOR EXCHANGE RATE ADJUSTMENT THEORIES

Authors

  • Sergiy TKACH Chernivtsi National University

Keywords:

exchange rate, monetary system, exchange rate theories, currency parity

Abstract

This paper examines the impact of major exchange rate adjustment theories on the global monetary system. The reasons of the previous organization forms of monetary relations collapse at the global level are defined. The main achievements and failures of major exchange rate theories are described.

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Published

31.07.2014

Issue

Vol. 3 No. 2 (2014)

Section

Articles

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