Exchange Rate Targets and Currency Bands by Paul Krugman, Paperback | Barnes & Noble
Exchange Rate Targets and Currency Bands

Exchange Rate Targets and Currency Bands

by Paul Krugman
     
 

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Research programs in economics usually emerge from the intersection between a new analytical approach and a real economic problem. In the past few years, such a program has emerged in international monetary economics, which is underpinned by a theoretical framework grounded in stochastic calculus and the increasing prominence in the real world of the international

Overview

Research programs in economics usually emerge from the intersection between a new analytical approach and a real economic problem. In the past few years, such a program has emerged in international monetary economics, which is underpinned by a theoretical framework grounded in stochastic calculus and the increasing prominence in the real world of the international monetary arrangements under which national monetary authorities attempt to keep exchange rates within bands or "target zones." This new program of research also covers switches in exchange rate regimes. This volume from the Centre for Economic Policy Research (UK) and the National Bureau of Economic Research (US) includes contributions from most of the active participants in the development of this new field, and will serve as a useful introduction to this new research program.

Editorial Reviews

From the Publisher
"...to be welcomed as a timely dissemination of some of the essential contributions to the study of target zones." Karl Driessen, Finance & Development

"In conclusion, the volume is an accurate picture of the recent (1990) state of the 'target zone' literature and will be useful to economists desirous of keeping abreast...." Stanley W. Black, Journal of Money, Credit, and Banking

Product Details

ISBN-13:
9780521435260
Publisher:
Cambridge University Press
Publication date:
04/28/2010
Pages:
272
Product dimensions:
5.98(w) x 8.98(h) x 0.63(d)

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