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| Author: | Hoffmann, J. Homburg, S. |
| Title: | Explaining the rise and decline of the dollar: A reply |
| Journal: | Kyklos
1991 : VOL. 44:3, p.451-456 |
| Index terms: | EXCHANGE RATES |
| Language: | eng |
| Abstract: | Hoffmann and Homburg (1990) tried to give a theoretical explanation of the behavior of the DM/S-exchange rate over the eighties. While the appreciation can be explained by standard transfer theory, the depreciation needs a refined transfer approach. Menkhoff (1991) rejected this explanation. In their reply Hoffmann and Homburg discuss the issues. Further, they argue that the recent developments gave new confirmation to their method. |
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