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Equilibrium Exchange Rates

Name: Equilibrium Exchange Rates
Brand: Springer
SKU: 01397622
Price: 160.89 EUR
Availability: InStock
Author: Ronald MacDonald
ISBN: 9780792384243

Ronald MacDonald

Jerome L. Stein

Lingua

Inglese

Libro Rigido

Codice Libristo: 01397622

Casa editrice Springer, luglio 1999

How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exch... Descrizione completa

Codice Libristo: 01397622

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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.