Riksbank research on exchnage rates

Sweden's Riksbank has initiated cooperation with a number of external researchers as a complement to the bank's regular research to make a broader, more in-depth analysis of the development of the Swedish krona and its determinants.

There have been relatively sharp short-term fluctuations in the exchange rate. In a longer perspective, however, the main question is why the real exchange rate has fallen over the past decade, despite good economic growth and a properly functioning stabilisation p

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