Exchange rate economics
著者
書誌事項
Exchange rate economics
（Cambridge surveys of economic literature）
Cambridge University Press, 1995
- : hard
- : pbk
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注記
Includes bibliographical references (p. 237-266) and indexes
内容説明・目次
内容説明
This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend and the chapters are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.
目次
- Preface
- 1. Introduction
- PART I. HISTORICAL aND INSTITUTIONAL PERSPECTIVES: 2. Foreign exchange markets and the marketability of money
- 3. Exchange rate arrangements and international monetary regimes
- PART II. MODELS oF EXCHANGE RATE BEHAVIOR: 4. Exchange rates and national price levels
- 5. Exchange rates and interest rates
- 6. Exchange rates and the balance of payments
- 7. News, revisions in expectations, and exchange rate dynamics
- 8. Empirical estimates of structural exchange rate models
- 9. New perspectives from optimizing models of realignments under fixed exchange rates
- 10. New directions for conceptual models of flexible exchange rates
- PART III. EXCHANGE RATE POLICY: 11. The choice of exchange rate arrangements
- 12. Policy-oriented perspectives on exchange rate stability
- References
- Index of authors
- Index of subjects.
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