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Money Demand in Structural Modelsof Exchange Rate Determination
https://doi.org/10.32609/0042-8736-2012-7-96-113
Abstract
The demand for money is the key element uniting major structural models of exchange rate determination. The author analyzes the history of money demand theorizing in connection with the development of structural models of exchange rate determination. The author demonstrates that the evolution of the theory of money demand shaped the evolution of the theory of exchange rate. The paper also contains suggestions regarding the approach to criticizing structural exchange rate determination models on methodological grounds and the manner of teaching the economics of exchange rates.
About the Author
D. Kadochnikov
Faculty of Liberal Arts and Sciences, St. Petersburg State University (St. Petersburg, Russia); International Centre for Socialand Economic Research - Leontief Centre, (St. Petersburg, Russia)
Russian Federation
Russian Federation
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For citations:
Kadochnikov D. Money Demand in Structural Modelsof Exchange Rate Determination. Voprosy Ekonomiki. 2012;(7):96-113. (In Russ.) https://doi.org/10.32609/0042-8736-2012-7-96-113
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