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Monetary Theory of Flexible Exchange Rates: Microeconomic Underpinning and Empirical Study (European University Studies)

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ISBN 10: 3261046430 / ISBN 13: 9783261046437
Published by Peter Lang AG 1979-12-01, 1979
New Condition: New
From Chiron Media (Wallingford, United Kingdom)

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Title: Monetary Theory of Flexible Exchange Rates: ...

Publisher: Peter Lang AG 1979-12-01

Publication Date: 1979

Book Condition: New

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This book deals with three topics in the monetary theory of flexible exchange rates: the theoretical clarification of the monetary approach to exchange rate determination, the macroeconomic analysis of the impact of monetary policy and international (real and monetary) disturbances under flexible exchange rates, and the empirical test on the role of monetary factors in exchange rate determination. The macro-economic analysis focuses on the dynamic adjustment of the exchange rate, domestic price, the balance of trade, etc., using a small open economy model. For the empirical test, a reduced form equation for exchange rate determination, together with a government intervention function, is estimated by using quarterly data for Canada in the 1950's and 1970's.

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