Equilibrium Exchange Rates

Name: Equilibrium Exchange Rates
Brand: Springer
SKU: 9780792384243
Price: 149.39 EUR
Availability: InStock

Autor: Ronald MacDonald, Jerome L. Stein

Jazyk:

Väzba: Pevná

Vydavateľ: Springer

Dostupnosť: Skladom u dodávateľa

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How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exch...

Informácie o knihe

Autor

Ronald MacDonald, Jerome L. Stein

Jazyk

Angličtina

Väzba

Kniha - Pevná

Vydalo

1999

Stránok

351

EAN

9780792384243

ISBN

0792384245

Enbook ID

01397622

Vydavateľ

Springer

Hmotnosť

1510

Rozmery

155 x 235 x 24

Kompletný popis

How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon the equilibrium exchange rate? The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.

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