Exchange Rate Economics
Exchange Rate Economics
$165.00
USDThis book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey of the different theories that attempt to explain the behavior of exchange rates, and outlines the salient institutional characteristics of the modern foreign exchange market in the context of an evolving international monetary system. An important feature of the book is its emphasis throughout on the main policy issues relating to the stabilization of exchange rates. The level of exposition is relatively nontechnical, and will be intelligible to undergraduate students.
- Provides a lucid and relatively easy to comprehend survey of theories of exchange rate behavior and their explanatory power
- Contains extensive insights on the policy issues that surround desires to stabilize exchange rates
- Includes invaluable historical and institutional perspectives
Reviews & endorsements
"This interesting volume provides a afirly comprehensive overview of advances in exchange rate economics in the two decades prior to its publication. it is very readable, relatively nontechnical, and of potential interest to students, research economists, and policy makers....Peter Isard has written an interesting and useful book. I particularly admired his presentation of new approaches to exchange rate modeling." Christian C.P. Wolff, Journal of Economic Literature
Product details
September 1995Hardback
9780521460477
292 pages
236 × 158 × 24 mm
0.59kg
12 b/w illus.
Available
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.
