Exchange rate management : theory and evidence : the UK experience
著者
書誌事項
Exchange rate management : theory and evidence : the UK experience
Macmillan, 1991
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注記
Includes bibliography and index
内容説明・目次
内容説明
This book provides a concise review of the modern literature on exchange rate determination focussing on the implications for the conduct of exchange rate policy. The author examines the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction betweens sterilized and non sterilized intervention. The final part provides an empirical examination of UK exchange rate policy during the period 1973-89 - the motivation, nature, effectiveness and profitability of the Bank of England's intervention are analyzed.
目次
- The case for exchange rate management
- exchange rate management and stabilization policy
- instruments of exchange rate management
- exchange rate management by the UK 1973-89
- guidelines for exchange rate policy. Appendices: solution of the model under fixed and floating exchange rates
- summary table of results
- stability and rates of change
- sources.
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