EXCHANGE RATE ECONOMICS (The International Library of Critical Writings in Economics series) - Hardcover

Hardcover

ISBN 10: 1852784091 ISBN 13: 9781852784096

Publisher: Edward Elgar Publishing Ltd, 1991

Synopsis

This important reference collection presents the leading papers on theoretical and empirical modelling of exchange rates.

Volume I: Exchange Rate Determination: Theory and Evidence, consists of four sections. Section 1 contains 'groundwork' papers; these are essentially survey papers, which set the scene for much of the theoretical and empirical work presented in the volumes. Seminal papers relating to the theoretical determination of exchange rates are contained in Section 2, whilst the empirical evidence on such models is contained in Section 3. Volume I closes with a number of papers indicating the likely future development of research on the exchange rates.

The papers in Volume II: Foreign Exchange Market Efficiency, are again grouped into four sections. The key papers from the efficiency of foreign exchange markets are presented in Section 1, with papers which seek to explain the oft-quoted finding of market inefficiency grouped in Section 2. Papers which seek to model the influence of new information on the exchange rate are contained in Section 3. The final section of the book contains papers on key international parity conditions, which are so central to exchange rate economics.

As an introduction to both volumes, the editors have prepared a comprehensive literature survey. This survey places the papers contained in the volumes in the context of the exchange rate literature.

About this title

About the Author

Edited by Ronald MacDonald, Adam Smith Professor of Political Economy, University of Glasgow, UK and Mark P. Taylor, Dean and Professor of Finance, Warwick Business School, University of Warwick, UK

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 1991
• Language: English
• ISBN 10: 1852784091
• ISBN 13: 9781852784096
• Binding: Hardcover
• Number of pages: 1184
• Editor: MacDonald Ronald, Taylor Mark P.