Author: Jürgen von HagenPublisher:
ISBN:
Category :
Languages : en
Pages : 74
Book Description
Relative Price Risk in an Open Economy with Fixed and Flexible Exchange Rates
Author: Jürgen von HagenRelative price risk in an open economy with flexible exchange rates
Author: Manfred J. M. NeumannPublisher:
ISBN:
Category :
Languages : de
Pages : 42
Book Description
Flexible Exchange Rates/h
Author: Jan HerinPublisher: Routledge
ISBN: 0429728174
Category : Political Science
Languages : en
Pages : 290
Book Description
This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
Exchange Rate Economics
Author: Ronald MacDonaldPublisher: Taylor & Francis
ISBN: 1134801262
Category : Business & Economics
Languages : en
Pages : 465
Book Description
First published in 2007. Exchange Rate Economics: Theories and Evidence is the second edition of Floating Exchange Rates: Theories and Evidence, and builds on the successful content and structure of the previous edition, but has been comprehensively updated and expanded to include additional literature on the determination of both fixed and floating exchange rates. Core topics covered include: • the purchasing power parity hypothesis and the PPP puzzle; • the monetary and portfolio-balance approaches to exchange rates; • the new open economy macroeconomics approach to exchange rates; and • the determination of exchange rates in target zone models and speculative attack models. Exchange Rate Economics: Theories and Evidence also includes extensive discussion of recent econometric work on exchange rates with a particular focus on equilibrium exchange rates and measuring exchange rate misalignment, as well as discussion on the non-fundamentals-based approaches to exchange rate behaviour, such as the market microstructure approach. The book will appeal to academics and postgraduate students with an interest in all aspects of international finance and will also be of interest to practitioners concerned with issues relating to equilibrium exchange rates and the forecastability of currencies in terms of macroeconomic fundamentals.
Optimal Exchange Rate Policy
Author: Charles EngelPublisher:
ISBN:
Category : Foreign exchange administration
Languages : en
Pages : 68
Book Description
This paper examines optimal exchange-rate policy in two-country sticky-price general equilibrium models in which households and firms optimize over an infinite horizon in an environment of uncertainty. The models are in the vein of the new open-economy macroeconomics' as exemplified by Obstfeld and Rogoff (1995, 1998, 2000). The conditions under which fixed or floating exchange rates yield higher welfare depend on the exact nature of price stickiness and on the degree of risk-sharing opportunities. This paper presents some preliminary empirical evidence on the behavior of consumer prices in Mexico that suggests failures of the law of one price are important. The evidence on price setting and risk-sharing opportunities is not refined enough to make definitive conclusions about the optimal exchange-rate regime for that country.
Open Economy Macroeconomics
Author: Asbjørn RødsethPublisher: Cambridge University Press
ISBN: 9780521788748
Category : Business & Economics
Languages : en
Pages : 404
Book Description
Advanced textbook offering a broad survey of open economy macroeconomics within a unified framework. Rødseth reviews the theories used in government departments, central banks and financial institutions and that form the basis for most quantitative models of open economies. The resulting policy implications are also considered with reference to current European debate. In addition to the theoretical and policy analysis the book also contains a comprehensive survey of the current state of scholarship in this area.
Exchange Rates, Capital Flows and Policy
Author: Rebecca DriverPublisher: Routledge
ISBN: 1134261977
Category : Business & Economics
Languages : en
Pages : 456
Book Description
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.
Exchange Rates and Adjustment
Author: Maurice ObstfeldPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 44
Book Description
Exchange Rates and International Finance
Author: Laurence S. CopelandPublisher: Financial Times/Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 516
Book Description
Exchange Rates and International Finance looks at exchange rates and their fluctuation, change and effect. Topics covered include prices in the open economy, flexible prices and market efficiency.
International Finance and Open Economy Macroeconomics
Author: Francisco L. Rivera-BatizPublisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 728
Book Description
Offers the remarkable deregulation and internationalization of banking and finance in the 1980s and 1990s. Discusses the growing importance of Japanese finance, the economics of the European integration of 1992, and analysis of exchange rate regimes in developing countries.