Equilibrium Exchange Rates

Language: English

Published by Springer, 1999

0792384245 / 9780792384243

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Druck auf Anfrage Neuware - Printed after ordering - 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.…

Seller Inventory # 9780792384243

Title
Equilibrium Exchange Rates
Author
Ronald Macdonald
Publisher
Springer
Publication year
1999
Condition
Neu
Binding
Buch
Language
English
ISBN 10
0792384245
ISBN 13
9780792384243
Item weight
659 grams
Dimensions
241x160x25 mm

AHA-BUCH GmbH

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