Exchange Rate Economics

Exchange Rate Economics

by Peter Isard
     
 

ISBN-10: 0521460476

ISBN-13: 9780521460477

Pub. Date: 10/28/2003

Publisher: Cambridge University Press

Providing a wide-ranging survey of the different theories that attempt to explain the behavior of exchange rates, this text outlines the salient institutional characteristics of the modern foreign exchange market in the context of an evolving international monetary system.

Overview

Providing a wide-ranging survey of the different theories that attempt to explain the behavior of exchange rates, this text outlines the salient institutional characteristics of the modern foreign exchange market in the context of an evolving international monetary system.

Product Details

ISBN-13:
9780521460477
Publisher:
Cambridge University Press
Publication date:
10/28/2003
Series:
Cambridge Surveys of Economic Literature Series
Pages:
292
Product dimensions:
5.98(w) x 8.98(h) x 0.83(d)

Table of Contents

Preface; 1. Introduction; PART I. HISTORICAL aND INSTITUTIONAL PERSPECTIVES: 2. Foreign exchange markets and the marketability of money; 3. Exchange rate arrangements and international monetary regimes; PART II. MODELS oF EXCHANGE RATE BEHAVIOR: 4. Exchange rates and national price levels; 5. Exchange rates and interest rates; 6. Exchange rates and the balance of payments; 7. News, revisions in expectations, and exchange rate dynamics; 8. Empirical estimates of structural exchange rate models; 9. New perspectives from optimizing models of realignments under fixed exchange rates; 10. New directions for conceptual models of flexible exchange rates; PART III. EXCHANGE RATE POLICY: 11. The choice of exchange rate arrangements; 12. Policy-oriented perspectives on exchange rate stability; References; Index of authors; Index of subjects.

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