Using Frankel’s 1979 paper, explain the monetary theory of exchange rates. Be sure to detail each variable appropriately. Then detail how he/they tested the theory. What did they conclude?
Your blogs will be graded on the following criteria: Responding to the specific questions asked in this assignment (non-responsive essays will be graded down). Stating (up front! at or near the beginning!) a clear thesis and then organizing the material you cite into an argument in support of your thesis, while also citing and being fair to opposing viewpoints. Showing evidence of having read a few papers on your question, including (but not limited to) the one assigned for this course (posted on Canvas). Showing evidence of independent, original, or critical thought in response to the reading. Making reasoned, logical, and fact-based criticisms where appropriate.
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