Exchange Rate Theory and Practice

ed. by John F. Bilson, Richard C. Marston

This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System

MoreLess

Year of publication:	[1984]
Other Persons:	Artus, Jacques R. (contributor) ; Basevi, Giorgio (contributor) ; Bilson, John F. (contributor) ; Bilson, John F. (ed.) ; Black, Stanley W. (contributor) ; Branson, William H. (contributor) ; Calzolari, Michele (contributor) ; Cumby, Robert E. (contributor) ; Marston, Richard C. (ed.)
Publisher:	Chicago : University of Chicago Press
Subject:	Wechselkurstheorie \| Exchange rate theory \| Wechselkurs \| Exchange rate \| Welt \| World
Description of contents:	Description [degruyter.com]

Extent:	1 Online-Ressource (538 p.)
Series:	National Bureau of Economic Research Conference Report
Type of publication:	Book / Working Paper
Language:	English
Notes:	Frontmatter Contents Introduction I. Recent Development in Exchange Rate Theory and Policy 1. The Theory of Exchange Rate Determination 2. Exchange Rate Policy after a Decade of “Floating’ ’ II. Short-Run Determinants of the Exchange Rate 3. International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence 4. Properties of Innovations in Spot and Forward Exchange Rates and the Role of Money Supply Processes 5. Exchange Rate Dynamics III. Asset Demands and the Exchange Rate 6. International Portfolio Diversification: Short-Term Financial Assets and Gold 7. Tests of Monetary and Portfolio Balance Models of Exchange Rate Determination 8. The International Role of the Dollar: Theory and Prospect IV. Fundamental Determinants of the Real Exchange Rate 9. Real Exchange Rates in the 1970s 10. The Real Exchange Rate, the Current Account, and the Speed of Adjustment V. Foreign Exchange Intervention 11. Exchange Market Intervention Operations: Their Role in Financial Policy and Their Effects 12. Exchange Rate Unions as an Alternative to Flexible Rates: The Effects of Real and Monetary Disturbances 13. Multilateral Exchange Rate Determination: A Model for the Analysis of the European Monetary System VI. Monetary Policy and Exchange Rates 14. Effects of United States Monetary Restraint on the DM/$ Exchange Rate and the German Economy 15. The Relationship between Exchange Rate Policy and Monetary Policy in Ten Industrial Countries Contributors Name Index Subject Index In English
ISBN:	978-0-226-05099-7
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014488300