This new text provides a systematic and comprehensive international treatment of the asset approach to the exchange rate and the current account of the balance of payments. It includes an analysis of macroeconomic adjustments under fixed, floating and managed exchange rates and it compares the stabilisation properties of each exchange rate regime in the case where economies are subjected to random shocks and price adjustments and are characterized by inertia. It highlights the issues that arise from international coordination of policies and provides a comprehensive survey of the empirical evidence on exchange rate economics.
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First Sentence:
During the last three decades we have seen an increasingly prominent role being assigned to the study of macroeconomic adjustments in open economies. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
domestic money relative, current inflation differential, expectational failure, portfolio balance considerations, pure fiscal expansion, home central bank, flexible price monetary model, nominal interest rate differential, exchange rate literature, monetary class, saddle path, predetermined state variables, real interest rate differential, unique stable path, perfect foresight path, welfare loss function, sterilised intervention, adverse supply shock, equilibrium accumulation, portfolio balance models, locus shifts, relative liquidity, monetary models, uncovered interest parity condition, static expectations Key Phrases - Capitalized Phrases (CAPs): (learn more)
European Monetary System, European Monetary Union, Federal Transfer Scheme, Bretton Woods, Delors Committee, European System of Central Banks, Gold Standard New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
During the last three decades we have seen an increasingly prominent role being assigned to the study of macroeconomic adjustments in open economies. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
domestic money relative, current inflation differential, expectational failure, portfolio balance considerations, pure fiscal expansion, home central bank, flexible price monetary model, nominal interest rate differential, exchange rate literature, monetary class, saddle path, predetermined state variables, real interest rate differential, unique stable path, perfect foresight path, welfare loss function, sterilised intervention, adverse supply shock, equilibrium accumulation, portfolio balance models, locus shifts, relative liquidity, monetary models, uncovered interest parity condition, static expectations Key Phrases - Capitalized Phrases (CAPs): (learn more)
European Monetary System, European Monetary Union, Federal Transfer Scheme, Bretton Woods, Delors Committee, European System of Central Banks, Gold Standard 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 39
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- The European Monetary System by Francesco Giavazzi on 7 pages
- Exchange Rates and Open Economy Macroeconomics by Ronald MacDonald in Back Matter (1), Back Matter (2), and Back Matter (3)
- Exchange Rates and International Macroeconomics (A conference report / National Bureau of Economic Research) by Jacob A. Frenkel in Back Matter (1), Back Matter (2), and Back Matter (3)
- International Money and Finance by C. Paul Hallwood in Back Matter (1), Back Matter (2), and Back Matter (3)
- Exchange Rate Economics: Theories and Evidence (Routledge Studies in the Modern World Economy) by Ronald MacDonald in Back Matter (1), and Back Matter (2)
See all 39 books this book cites
- International Economic Growth (Contributions to Economics) by Michael Carlberg on 4 pages
- Global Markets and the Developing Economy (International Finance and Development Series) by Edmund V.K. FitzGerald in Back Matter (1), Back Matter (2), and Back Matter (3)
- Exchange Rates, Capital Flows and Policy (Routledge International Studies in Money and Banking) by Rebecca Driver on page 76, page 147, and page 242
- On Exchange Rates by Jeffrey A. Frankel in Back Matter (1), Back Matter (2), and Back Matter (3)
- Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets (Fundamentals of Pure and Applied Economics) by xxx Hodrick in Back Matter (1), Back Matter (2), and Back Matter (3)
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