Put simply, exchange rates compare the value of one currency to another. They measure how much of one currency it takes to purchase a unit of another. Exchange rates are ultimately determined in ...

This is a preview. Log in through your library . Abstract This paper reports the first experiments designed to explore the behavior of economies with prominent features of international finance. Two ...

Lauren Johnston does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...