Austrians and the Mainstream: The Stories of Exchange Rate Determination
Thesis title: | Austrians and the Mainstream: The Stories of Exchange Rate Determination |
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Author: | Biľo, Šimon |
Thesis type: | Diploma thesis |
Supervisor: | Ševčík, Miroslav |
Opponents: | Lipka, David |
Thesis language: | English |
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: | value theory; exchange rate; causality; austrian school |
Information about study
Study programme: | Hospodářská politika a správa/Národní hospodářství |
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Type of study programme: | Magisterský studijní program |
Assigned degree: | Ing. |
Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
Faculty: | Faculty of Economics |
Department: | Department of Economic and Social Policy |
Information on submission and defense
Date of assignment: | 9. 5. 2008 |
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Date of submission: | 9. 5. 2008 |
Date of defense: | 29. 5. 2008 |
Identifier in the InSIS system: | https://insis.vse.cz/zp/8863/podrobnosti |