Exchange Rate Economics: Theories and Evidence / Edition 2

Exchange Rate Economics: Theories and Evidence / Edition 2

by Ronald MacDonald
     
 

First published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.See more details below

Overview

First published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.

Product Details

ISBN-13:
9780415125512
Publisher:
Taylor & Francis
Publication date:
02/28/2007
Edition description:
REV
Pages:
464
Product dimensions:
6.10(w) x 9.10(h) x 1.10(d)

Table of Contents


List of figures     ix
List of tables     xii
Preface     xiii
Introduction: some basic concepts and stylised facts and the case for (and against) floating exchange rates     1
Purchasing power parity and the PPP puzzle     39
The economics of the PPP puzzle     68
The flexible price monetary approach to the exchange rate     94
The sticky-price monetary model     106
The monetary approach to the exchange rate: an empirical perspective     134
Currency substitution models and the portfolio balance approach to the exchange rate     166
Real exchange rate determination: theory and evidence     199
Equilibrium exchange rates: measurement and misalignment     227
The new open economy macroeconomics and exchange rate behaviour     251
The new open economy macroeconomic model: pricing to market and exchange rate volatility redux     274
The economics of fixed exchange rates, part 1: target zone models     289
The economics of fixed exchange rates, part 2: speculative attack models and contagion     313
The market microstructure approach to the foreign exchange market     339
Spot and forward exchange rates and the forward premium puzzle     370
Notes     396
References     405
Index     440

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