Содержимое раздела
This chapter delves into the fundamental theories underpinning exchange rate determination and behavior. Firstly, it explores the main theoretical frameworks, such as Purchasing Power Parity (PPP), Interest Rate Parity (IRP), and the Balance of Payments approach, to understand the drivers of exchange rates. Secondly, it examines the various types of exchange rate regimes and their strengths and weaknesses. Finally, it addresses the evolution of these concepts and prepares the ground for analyzing their real-world impact.