Equilibrium Exchange Rates

Name: Equilibrium Exchange Rates
Brand: Springer
SKU: 9789401058964
Price: 3426 CZK
Availability: InStock

Autor: Ronald MacDonald, Jerome L. Stein

Jazyk:

Vazba: Brožovaná

Vydavatel: Springer

Dostupnost: Skladem u dodavatele

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3 426 Kč

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

Informace o knize

Autor

Ronald MacDonald, Jerome L. Stein

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

1999

Stránek

351

EAN

9789401058964

ISBN

9401058962

Enbook ID

02009268

Vydavatel

Springer

Hmotnost

557

Rozměry

155 x 235 x 20

Kompletní popis

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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