Current Account Based Exchange Rate Mechanism (CABEM): A Mathematical Protocol for Endogenous Trade Equilibrium and Sovereign Debt Discipline
The Current Account Based Exchange Rate Mechanism (CABEM) is a mathematical framework for exchange-rate determination based on current-account balances and monetary expansion. The protocol derives exchange rates as endogenous outputs of observable macroeconomic variables and provides a globally consistent, transitive, and non-discretionary currency valuation system.
Authors
- Kay Schroeder
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2026-10-18
- DOI
- https://doi.org/10.5281/zenodo.23451366
- Primary Topic
- Global Financial Crisis and Policies
- Type
- preprint