Original title: Austrians and the Mainstream: The Stories of Exchange Rate Determination
Authors: Biľo, Šimon ; Ševčík, Miroslav (advisor) ; Lipka, David (referee)
Document type: Master’s theses
Year: 2008
Language: eng
Publisher: Vysoká škola ekonomická v Praze
Abstract: The scope of the present thesis is four-fold. First, to clarify and explain the means-ends framework and step-by-step analysis of the Austrian school. Second, to apply this framework to the Austrian theory of exchange rates. Third, to link the framework with most of the existing Austrian research related with the exchange rate theory and discuss this research. And fourth, to confront the Austrian economics with two mainstream approaches - Dornbusch?s overshooting model and short-run portfolio balance model. Message springing from this confrontation is twofold. First, the fundamental differences between present-day mainstream methods are envisaged. And second, the fact of possibility of mutual enrichment of both approaches from each other despite of completely different methodological backgrounds is suggested.
Keywords: austrian school; causality; exchange rate; value theory

Institution: University of Economics, Prague (web)
Document availability information: Available in the digital repository of the University of Economics, Prague.
Original record: http://www.vse.cz/vskp/eid/6359

Permalink: http://www.nusl.cz/ntk/nusl-3511


The record appears in these collections:
Universities and colleges > Public universities > University of Economics, Prague
Academic theses (ETDs) > Master’s theses