The theory of exchange rate determination is the foundation of it. There have been many research results in exchange rate determination, including traditional theories and modern monetarist models.

从理论上讲，汇率决定理论是研究汇率波动问题的基础，主要有传统的汇率决定理论和现代货币主义汇率决定模型之分。

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Fast forward to the present, and modern Austrians seem to have lurched in a more monetarist direction for all the attention they pay to money supply.

FORBES: Brendan Brown, and The Global Curse Of the Federal Reserve