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.
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Editorial Reviews
Review
"...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
"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
Book Description
Research programs in economics usually emerge from the intersection between a new analytical approach and a real economic problem. Such a program has emerged in international monetary economics and this volume includes contributions from most of the participants in the program's development.
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Inside This Book
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A research program in economics usually emerges out of the intersection between a new analytical approach and a real economic problem to which that approach seems relevant. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
gold standard paradox, shadow floating exchange rate, infinitesimal interventions, home country reserves, saddlepath solution, linkage between speculative attack, stochastic process switching, stochastic regime shifts, target zone literature, target zone models, speculative attack literature, cumulative intervention, exchange rate solution, narrow target zone, interest rate variability, currency band, exchange rate behaviour, shadow exchange rate, exchange rate dynamics, exchange rate function, exchange rate target zone, viable range, smooth pasting condition, price inertia, monetary model Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of International Economics, Quarterly Journal of Economics, Economic Journal, Paul Krugman, Bank of England, University of Warwick, Journal of Political Economy, Journal of Money, Monte Carlo, European Monetary System, Hossein Samiei, American Economic Review, Cambridge University Press, Leonardo Bartolini, Queen's University, Sir Charles Addis, University of Stockholm, Academic Press, Export Control, Review of Economic Studies New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
A research program in economics usually emerges out of the intersection between a new analytical approach and a real economic problem to which that approach seems relevant. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
gold standard paradox, shadow floating exchange rate, infinitesimal interventions, home country reserves, saddlepath solution, linkage between speculative attack, stochastic process switching, stochastic regime shifts, target zone literature, target zone models, speculative attack literature, cumulative intervention, exchange rate solution, narrow target zone, interest rate variability, currency band, exchange rate behaviour, shadow exchange rate, exchange rate dynamics, exchange rate function, exchange rate target zone, viable range, smooth pasting condition, price inertia, monetary model Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of International Economics, Quarterly Journal of Economics, Economic Journal, Paul Krugman, Bank of England, University of Warwick, Journal of Political Economy, Journal of Money, Monte Carlo, European Monetary System, Hossein Samiei, American Economic Review, Cambridge University Press, Leonardo Bartolini, Queen's University, Sir Charles Addis, University of Stockholm, Academic Press, Export Control, Review of Economic Studies New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 26
books:
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22
books
cite this book:
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- International Economics by Paul R. Krugman on 9 pages
- International Economics: Theory and Policy (6th Edition) by Paul R. Krugman on 9 pages
- International Economics: Theory and Policy by Paul; Obstfeld, Maurice Krugman on 9 pages
- Handbook of International Economics, Volume 2: International Monetary Economics and Finance (Handbooks in Economics) by R.W. Jones on page 28, and page 113
- Blueprints for Exchange Rate Management by Marcus Miller on page 206, and page 239
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- Capital Mobility: The Impact on Consumption, Investment and Growth by Leonardo Leiderman on 6 pages
- Modern Perspectives on the Gold Standard by Tamim Bayoumi on page 361, and page 362
- International Macroeconomics: Theory and Policy by Victor Argy in Back Matter (1), and Back Matter (2)
- Money on the Move by Robert Solomon in Back Matter
- The Asian Financial Crisis: Causes, Contagion and Consequences (Global Economic Institutions) by Pierre-Richard Agénor in Front Matter
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