Exchange rate economics

Author:Peter Isard

Summary:This book provides a wide-ranging survey of the literature on exchange rate economics. The author describes 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.

Print Book, English, 1995

Edition:View all formats and editions

Publisher: Cambridge University Press, Cambridge, 1995

Series:

Cambridge surveys of economic literature

Physical Description:XVI, 275 p. ; 24 cm.

ISBN:

9780521460477, 9780521466004, 0521460476, 0521466008

OCLC Number / Unique Identifier:638873281

Subjects:

Cambio exterior

Foreign exchange rates

Tipo de cambio

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.