Exchange Rate Management: Theory and Evidence: The UK Experience

ISBN-13: 9781349117468 / Angielski / Miękka / 1991 / 220 str.

Keith Pilbeam

Opis

An examination of the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction between sterilized and non-sterilized intervention.

Spis treści

The case for exchange rate management; exchange rate management and stabilization policy; instruments of exchange rate management; exchange rate management by the UK 1973-89; guidelines for exchange rate policy. Appendices: solution of the model under fixed and floating exchange rates; summary table of results; stability and rates of change; sources.