Part I: Groundwork
M. Friedman (1953), 'The Case for Flexible Exchange Rates'
R.A. Mundell (1963), 'Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates'
M. Mussa (1979), 'Empirical Regularities in the Behavior of Exchange Rates and Theories of the Foreign Exchange Market'
J.A. Frenkel (1981), 'Flexible Exchange Rates, Prices, and the Role of “News": Lesson from the 1970s'
Part II: Theories
J.A. Frenkel (1976), 'A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empircial Evidence'
M. Mussa (1976), 'The Exchange Rate, the Balance of Payments in the Short Run and in the Long Run: a Monetary Approach'
P.J.K. Kouri (1976), 'The Exchange Rate and the Balance of Payments and Monetary and Fiscal Policy undera Regime of Controlled Floating'
R. Dornbusch (1976), 'Expectations and Exchange Rate Dynamics'
W.H. Buiter and M. Miller (1981), 'Monetary Policy and International Competiveness: The Problems of
G.A. Calvo and C.A. Rodriguez (1977), 'A Model of Exchange Rate Determination under Currency Substitution and Rational
W.H. Branson (1977), 'Asset Markets and Relative Prices in Exchange Rate Determination'
R. Dornbusch and S. Fischer (1980), 'Exchange Rates and the Current Account'
R.J. Hodrick (1978), 'An Empirical Analysis of the Monetary Approach to the Determination of the Exchange Rate'
Part III: Evidence
D.L Hoffman and D.E. Schlagenhauf (1983), 'Rational Expectations and Monetary Models of Exchange Rate Determination: An Empirical
J.A. Frankel (1979), 'On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials'
P. Hooper and J. Morton (1982) 'Fluctuations in the Dollar: A Model of Nominal and Real Exchange Rate Determination'
M. Dooley and P. Isard (1982), 'A Portfolio-Balance Rational-Expectations Model of the Dollar-Mark Exchange Rate'
G. Hacche and J. Townend (1981), 'Exchange Rates and Monetary Policy: Modelling Sterling's Effective Exchange Rate'
J.A. Frankel (1984), 'Tests of Monetary and Portfolio Balance Models of Exchange Rate Determination'
R.A. Meese and K. Rogoff (1983), 'Empirical Exchange Rate Models of the Seventies: Do They Fit out of Sample?'
W.T. Woo (1985), ‘The Monetary Approach to Exchange Rate Determination under Rational Expectations’
M.G. Finn (1986), 'Forecasting the Exchange Rate: A Monetary or Random Walk Phenomenon?'
Part IV: New Directions
R. Dornbusch (1987), 'Exchange Rate Economics: 1986'
J.A. Frankel and K.A. Froot (1986), 'Understanding the US Dollar in the Eighties: The Expectations of Chartists and Fundamentalists'
H. Allen and M.P. Taylor (1990), 'Charts, Noise and Fundamentals in the London Foreign Exchange Market'
M.P. Dooley and P. Isard (1987), 'Country Preferences, Currency Values and Policy Issues'
Part I: Expectations and Market Efficiency
M.P. Dooley and J.R. Shafer (1983), 'Analysis of Short-Run Exchange Rate Behavior: March 1973 to November 1981'
J.F.O. Bilson (1981), 'The "Specualative Efficiency" Hypothesis'
L.P. Hansen and R.J. Hodrick (1980), 'Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis'
C.S. Hakkio (1981), 'Expectations and the Forward Exchange Rate'
R.A. Meese (1986), 'Testing for Bubbles in Exchange Markets: A Case of Sparkling Rates?'
J.A. Frankel and K.A. Froot (1987), 'Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations'
R. MacDonald and T.S. Torrance (1990), 'Expectations Formations and Risk in Four Foreign Exchange Markets'
Part II: Rationalizing the Rejection of the Simple Efficiency Hypothesis
E.F. Fama (1984), 'Forward and Spot Exchange Rates'
J.A. Frankel (1982), 'In Search of the Exchange Risk Premium: A Six-Currency Test Assuming Mean-Variance Optimization'
I. Domowitz and C.S. Hakkio (1985), 'Conditional Variance and the Risk Premium in the Foreign Exchange Market'
W.S. Krasker (1980), 'The "Peso Problem" in Testing the Efficiency of Foreward Exchange Markets'
G.W. Evans (1986), 'A Test for Speculative Bubbles in the Sterling-Dollar Exchange Rate: 1981-4'
Part III: 'News' and the Exchange Rate
S. Edwards (1982), 'Exchanage Rates and "News": A Multi-Currency Approach’
E.J. Bomhoff and P. Korteweg (1983), 'Exchange Rate Variability and Monetary Policy Under Rational Expectations: Some Euro-American
L.S. Copeland (1984), 'Oil News and the Petropound: Some Tests'
R. MacDonald (1985), '"News" and the 1920's Experience with Floating Exchange Rates'
Part IV: International Parity Conditions
J.A. Frenkel (1978), 'Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s'
M. Adler and B. Lehmann (1983), 'Deviations from Purchasing Power Parity in the Long Run'
R. Roll (1979), 'Violations of Purchasing Power Parity and their Implications for Efficient International Commodity Markets'
M.P. Taylor and P.C. McMahon (1988), 'Long-Run Purchasing Power Parity in the 1920s'
J.A. Frenkel and R.M. Levich (1975), 'Covered Interest Arbitrage: Unexploited Profits?'
J.A. Frenkel and R.M. Levich (1977), 'Transaction Costs and Interest Arbitrage: Tranquil Versus Turbulent Periods'
M.P. Taylor (1989), 'Covered Interest Arbitrage and Market Tuburlence'
M.P. Dooley and P. Isard (1980), 'Capital Controls, Political Risk, and Deviations from Interest-Rate Parity'
J.A. Frankel and A.T. MacArthur (1988), 'Political vs. Currency Premia in International Real Interest Differentials: A Study of Forword
Rates for 24 Countries'
R.E. Cumby and M. Obstfield (1981), 'A Note on Exchange-Rate Expectations and Nominal Interest Differentials: A Test of the Fisher