Book Categories

Description of Exchange Rate Economics

This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend and the chapters are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.

Title Information

ISBN:

9780521466004

Pages:

292 pages

Format:

Paperback

Product Code:

10745

Publisher:

Cambridge University Press

Published:

28/09/1995

Edition:

1st Edition

Press and Industry Reviews

'... provides an extremely well written and complete overview of exchange rates and exchange rate models ... an excellent work of reference.'
- Economic Journal

Write a review of this book

Customer Reviews from Amazon

Contents of Exchange Rate Economics

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