Exchange Rate Economics

Theories and Evidence

Ronald MacDonald

450 pages, parution le 02/03/2007

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Résumé

Exchange Rate Economics: Theories and evidence is the second edition of Floating Exchange Rates: Theories and evidence, and builds on the successful content and structure of the previous edition, but has been comprehensively updated and expanded to include additional literature on the determination of both fixed and floating exchange rates.

Core topics covered include:

the purchasing power parity hypotheses and the PPP puzzle;
the monetary and portfolio-balance approaches to exchange rates;
new open economy macroeconomics approach to exchange rates; and
the determination of exchange rates in target zone models and speculative attack models.

Exchange Rate Economics: Theories and evidence also includes extensive discussion of recent econometric work on exchange rates with a particular focus on equilibrium exchange rates and measuring exchange rate misalignment, as well as discussion on the non-fundamentals-based approaches to exchange rate behaviour, such as the market microstructure approach.

The book will appeal to academics and postgraduate students with an interest in all aspects of international finance and will also be of interest to practitioners interested in issues of equilibrium exchange rates and the forecastability of currencies in terms of macroeconomic fundamentals.

L'auteur - Ronald MacDonald

Ronald MacDonald, University of Strathclyde

Sommaire

Introduction: Some Basic Concepts and Stylised facts and the Case for (and Against) Floating Exchange Rates
Purchasing Power Parity and the PPP Puzzle
The Economics of the PPP Puzzle
The Flexible Price Monetary Model
The Sticky Price Monetary Model
Empirical Evidence on the Monetary Exchange Rate Model
Currency Substitution and Portfolio Balance Models
Real Exchange Rate Determination: Theory and Evidence
Equilibrium Exchange Rates: Measurement and Misalignment
The New Open Economy Macroeconomics and Exchange Rate Behaviour
The New Open Economy Macroeconomics: Pricing to Market and Exchange Rate Volatility Redux
The Economics of Fixed Exchange Rates, Part
Target Zone Models
The Economics of Fixed Exchange Rates, Part
Speculative Attack Models and Contagion
The Market Microstructure Approach to the Foreign Exchange Market
Spot and Forward Exchange Rates and the Forward Premium Puzzle

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Routledge
Auteur(s)	Ronald MacDonald
Parution	02/03/2007
Nb. de pages	450
Format	16 x 23,5
Couverture	Broché
Poids	690g
Intérieur	Noir et Blanc
EAN13	9780415125512
ISBN13	978-0-415-12551-2