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Exchange Rate Economics Peter Isard (International Monetary Fund Institute, Washington DC)

Exchange Rate Economics By Peter Isard (International Monetary Fund Institute, Washington DC)

Summary

This book provides a wide-ranging survey of the literature on exchange rate economics. The author describes different theories that attempt to explain the behavior of exchange rates, and outlines the salient institutional characteristics of the modern foreign exchange market in the context of an evolving international monetary system.

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Exchange Rate Economics Summary

Exchange Rate Economics by Peter Isard (International Monetary Fund Institute, Washington DC)

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.

Exchange Rate Economics Reviews

'... provides an extremely well written and complete overview of exchange rates and exchange rate models ... an excellent work of reference.' Economic Journal

Table of Contents

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.

Additional information

CIN0521466008G
9780521466004
0521466008
Exchange Rate Economics by Peter Isard (International Monetary Fund Institute, Washington DC)
Used - Good
Paperback
Cambridge University Press
19950928
292
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Exchange Rate Economics