Exchange Rates, Capital Flows and Policy

Exchange Rates, Capital Flows and Policy

by Rebecca Driver
     
 

ISBN-10: 0415352630

ISBN-13: 9780415352635

Pub. Date: 12/28/2004

Publisher: Taylor & Francis

Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention…  See more details below

Overview

Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.

Product Details

ISBN-13:
9780415352635
Publisher:
Taylor & Francis
Publication date:
12/28/2004
Series:
Routledge International Studies in Money and Banking Series, #30
Pages:
436
Product dimensions:
6.10(w) x 9.30(h) x 1.30(d)

Table of Contents

1Introduction1
2Can emerging markets float? : should they inflation target?10
3Exchange rates, inflation and monetary policy objectives in open economies : the experience of Chile39
4The expenditure switching effect and the choice between fixed and floating exchange rates58
5Economic shocks and the choice of currency area : the case of Argentina, 1991-200277
6Concepts of equilibrium exchange rates98
7Fundamental equilibrium exchange rates and currency boards : evidence from Argentina and Estonia in the 1990s149
8Revisiting the border : an assessment of the law of one price using very disaggregated consumer price data187
9An asset market integration test based on observable macroeconomic stochastic discount factors204
10Real exchange rates, current accounts and the net foreign asset position224
11The macroeconomics of international financial trade243
12External adjustment and debt sustainability262
13What type of country restricts international capital movements?301
14An empirical analysis of the "impossible trinity" : an East Asian perspective319
15Sterilized intervention and monetary control : the case of Korea344
16Intervention in the foreign exchange market in a model with noise traders369
17Exchange rates, capital flows and policy : some concluding observations407

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