Exchange Rate Theory And Practice

Author : John F. Bilson,Richard C. Marston
Publisher : University of Chicago Press
Page : 542 pages
File Size : 54,5 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226050997

Get Book

Exchange Rate Theory and Practice by John F. Bilson,Richard C. Marston Pdf

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.

Author : John F.O. Bilson
Publisher : Unknown
Page : 537 pages
File Size : 41,7 Mb
Release : 1984
Category : Electronic
ISBN : 0598056564

Get Book

Exchange rate theory and practice by John F.O. Bilson Pdf

Author : Victor E. Argy
Publisher : Unknown
Page : 374 pages
File Size : 41,5 Mb
Release : 1982
Category : Foreign exchange administration
ISBN : UCSC:32106007666545

Get Book

Exchange-rate Management in Theory and Practice by Victor E. Argy Pdf

Author : Takatoshi Ito,Anne O. Krueger
Publisher : University of Chicago Press
Page : 466 pages
File Size : 54,9 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226386935

Get Book

Changes in Exchange Rates in Rapidly Developing Countries by Takatoshi Ito,Anne O. Krueger Pdf

The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.

Author : Ronald MacDonald
Publisher : Psychology Press
Page : 465 pages
File Size : 53,8 Mb
Release : 2007
Category : Foreign exchange
ISBN : 9780415125512

Get Book

Exchange Rate Economics by Ronald MacDonald Pdf

This book examines the influence of fiscal policy on exchange rates, recent development in the econometric modelling of exchange rates, and exchange rate modelling for developing countries.

Author : Felix Hüfner
Publisher : Springer Science & Business Media
Page : 180 pages
File Size : 53,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783790826722

Get Book

Foreign Exchange Intervention as a Monetary Policy Instrument by Felix Hüfner Pdf

Foreign exchange intervention is frequently being used by central banks in countries which have a floating exchange rate. Most theoretical monetary policy models, however, do not take this phenomenon into account. This book contributes to close this gap between theory and practice by interpreting foreign exchange intervention as an additional monetary policy instrument for inflation targeting central banks. In-depth empirical analyses of the foreign exchange operations and interest rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) demonstrate how foreign exchange intervention is used in practice.

Author : Jagdish N. Bhagwati
Publisher : Unknown
Page : 138 pages
File Size : 49,7 Mb
Release : 1968
Category : Commercial policy
ISBN : UOM:39015001430431

Get Book

The Theory and Practice of Commercial Policy: Departures from Unified Exchange Rates by Jagdish N. Bhagwati Pdf

Author : Helmut W. Mayer
Publisher : Unknown
Page : 56 pages
File Size : 51,6 Mb
Release : 1982
Category : Foreign exchange
ISBN : STANFORD:36105037524209

Get Book

The Theory and Practice of Floating Exchange Rates and the Rôle of Official Exchange-market Intervention by Helmut W. Mayer Pdf

Author : Victor Argy
Publisher : Unknown
Page : 120 pages
File Size : 44,8 Mb
Release : 1982
Category : Foreign exchange
ISBN : 0858011158

Get Book

Exchange Rate Management in Theory and Practice by Victor Argy Pdf

Author : J. Kallianiotis
Publisher : Springer
Page : 289 pages
File Size : 53,7 Mb
Release : 2013-10-02
Category : Business & Economics
ISBN : 9781137318886

Get Book

Exchange Rates and International Financial Economics by J. Kallianiotis Pdf

The recent financial crisis has troubled the US, Europe, and beyond, and is indicative of the integrated world in which we live. Today, transactions take place with the use of foreign currencies, and their values affect the nations' economies and their citizens' welfare. Exchange Rates and International Financial Economics provides readers with the historic, theoretical, and practical knowledge of these relative prices among currencies. While much of the previous work on the topic has been simply descriptive or theoretical, Kallianiotis gives a unique and intimate understanding of international exchange rates and their place in an increasingly globalized world.

Author : Lawrence H. Officer
Publisher : Greenwich, Conn. : JAI Press
Page : 394 pages
File Size : 45,8 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015004074947

Get Book

Purchasing Power Parity and Exchange Rates by Lawrence H. Officer Pdf

Evolution of PPP theory; Modern PPP theory and practice; Selected PPP studies.

Author : Ronald MacDonald
Publisher : Allen & Unwin Australia
Page : 344 pages
File Size : 55,5 Mb
Release : 1988
Category : Foreign exchange
ISBN : STANFORD:36105038387473

Get Book

Floating Exchange Rates by Ronald MacDonald Pdf

Author : Giovanni Piersanti
Publisher : Oxford University Press
Page : 407 pages
File Size : 46,8 Mb
Release : 2012-04-26
Category : Business & Economics
ISBN : 9780199653126

Get Book

The Macroeconomic Theory of Exchange Rate Crises by Giovanni Piersanti Pdf

An overview of the causes and consequences of speculative attacks on domestic currency and international financial turmoil. It provides a comprehensive treatment of the existing theories of exchange rate crises and of financial market runs.

Author : Tamim A. Bayoumi,Hamid Faruqee
Publisher : Unknown
Page : 0 pages
File Size : 47,7 Mb
Release : 2005
Category : Equilibrium (Economics)
ISBN : OCLC:1135242988

Get Book

A Fair Exchange? by Tamim A. Bayoumi,Hamid Faruqee Pdf

We develop a theory-based model of equilibrium exchange rates incorporating factors that have been found to matter empirically. The model provides insights into how variables should be measured and what are appropriate cross-country restrictions. We estimate this model using a panel of 12 industrial countries. The model fits the data relatively well, implying relatively fast adjustment to equilibrium and outperforming a random walk at longer horizons. Furthermore, we find that the rate of adjustment depends on the distance from equilibrium, suggesting that part of the explanation for slow adjustment is inaccurate measures of equilibrium.

Author : Mr.Guillermo Calvo,Ms.Carmen Reinhart,Mr.Carlos A. Végh Gramont
Publisher : International Monetary Fund
Page : 50 pages
File Size : 54,5 Mb
Release : 1994-02-01
Category : Business & Economics
ISBN : 9781451921212

Get Book

Targeting the Real Exchange Rate by Mr.Guillermo Calvo,Ms.Carmen Reinhart,Mr.Carlos A. Végh Gramont Pdf

This paper presents a theoretical and empirical analysis of policies aimed at setting a more depreciated level of the real exchange rate. An intertemporal optimizing model suggests that, in the absence of changes in fiscal policy, a more depreciated level of the real exchange can only be attained temporarily. This can be achieved by means of higher inflation and/or higher real interest rates, depending on the degree of capital mobility. Evidence for Brazil, Chile, and Colombia supports the model’s prediction that undervalued real exchange rates are associated with higher inflation.