The Exchange Rate Mechanism and the Ruble Devaluation of 1998

Authors

Philip Porter, Florida State University

Abstract

I will first examine what I see as the common sense fundamentals of the exchange rate mechanism, noting as I go, the relationship with the current Russian crisis. In my examination, I will take the simplest approach, assuming free trade, unrestricted capital movements and negligible transaction costs. Concluding, I will delve into the quagmire of the Russian situation.

Recommended Citation

Porter, Philip (1999) "The Exchange Rate Mechanism and the Ruble Devaluation of 1998," University Avenue Undergraduate Journal of Economics: Vol. 3: Iss. 1, Article 9.
Available at: https://digitalcommons.iwu.edu/uauje/vol3/iss1/9