Equilibrium Exchange Rates

Name: Equilibrium Exchange Rates
Brand: Springer
SKU: 9789401058964
Price: 641.76 PLN
Availability: InStock

Autor: Ronald MacDonald, Jerome L. Stein

Język:

Oprawa: Miękka

Wydawca: Springer

Dostępność: Dostępna u dostawcy

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

Informacje o książce

Autor

Ronald MacDonald, Jerome L. Stein

Język

Angielski

Oprawa

Książka - Miękka

Data wydania

1999

strony

351

EAN

9789401058964

ISBN

9401058962

Enbook ID

02009268

Wydawca

Springer

Waga

557

Wymiary

155 x 235 x 20

Pełny opis

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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