Equilibrium exchange rate

Japanese: 均衡為替相場 - きんこうかわせそうば
Equilibrium exchange rate

…G. Cassel’s theory that under a freely floating exchange rate system, there is a central or standard equilibrium exchange rate for the foreign exchange rate (hereafter referred to as the exchange rate), which fluctuates daily, and that this equilibrium exchange rate is determined by the ratio of the price levels of the home country and the foreign country. This equilibrium exchange rate is called purchasing power parity. …

*Some of the terminology used to refer to "equilibrium exchange rate" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…自由変動為替相場制のもとで,日々変動する外国為替相場(以下,為替相場と略称する)に中心ないし基準となる均衡為替相場があり,それは自国と外国の物価水準の比によって定まるとするG.カッセルの説。この均衡為替相場を購買力平価という。…

※「均衡為替相場」について言及している用語解説の一部を掲載しています。

出典|株式会社平凡社世界大百科事典 第2版について | 情報

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