Equilibrium Exchange Rates

Name: Equilibrium Exchange Rates
Brand: Springer
SKU: 9780792384243
Price: 58960 HUF
Availability: InStock

Szerző: Ronald MacDonald, Jerome L. Stein

Nyelv:

Kötés: Kemény kötésű

Kiadó: Springer

Elérhetőség: Beszállítói készleten

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

Információk a könyvről

Szerző

Ronald MacDonald, Jerome L. Stein

Nyelv

Angol

Kötés

Könyv - Kemény kötésű

Kiadva

1999

oldal

351

EAN

9780792384243

ISBN

0792384245

Enbook ID

01397622

Kiadó

Springer

Súly

1510

Méretek

155 x 235 x 24

Teljes leírás

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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Equilibrium Exchange Rates

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