Exchange Rate Economics: Theories and Evidence

ISBN-13: 9780415148788 / Angielski / Twarda / 2007 / 450 str.

Ronald MacDonald

Opis

This title contains material on the influence of fiscal policy on exchange rates, recent development in the econometric modelling of exchange rates, exchange rate modelling for developing countries and a survey of proposals for the reform of the international monetary system.

Spis treści

1. Introduction: Some Basic Concepts and Stylised facts and the Case For (and Against) Floating Exchange Rates  2. Purchasing Power Parity and the PPP Puzzle  3. The Economics of the PPP Puzzle  4. The Flexible Price Monetary Model  5. The Sticky Price Monetary Model  6. Empirical Evidence on the Monetary Exchange Rate Model  7. Currency Substitution and Portfolio Balance Models  8. Real Exchange Rate Determination: Theory and Evidence  9. Equilibrium Exchange Rates: Measurement and Misalignment  10. The New Open Economy Macroeconomics and Exchange Rate Behaviour  11. The New Open Economy Macroeconomics: Pricing to Market and Exchange Rate Volatility Redux  12. The Economics of Fixed Exchange Rates, Part 1: Target Zone Models  13. The Economics of Fixed Exchange Rates, Part 2: Speculative Attack Models and Contagion  14. The Market Microstructure Approach to the Foreign Exchange Market  15. Spot and Forward Exchange Rates and the Forward Premium Puzzle

O autorze

Ronald MacDonald is the Adam Smith Professor of Political Economy,
University of Glasgow