Exchange Rate Economics: Theories and Evidence by Ronald MacDonald
Analyzes the role of fiscal policy on exchange rates
Also looks at transition economies
All set in the wider glare of the world economy
Exchange Rate Economics
Summary
Provides literature on the determination of fixed and floating exchange rates. This work covers topics such as: 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 more.
Exchange Rate Economics Summary
About Ronald MacDonald
Ronald MacDonald is the Adam Smith Professor of Political Economy,
University of Glasgow
Table of Contents
1. Introduction: Some Basic Concepts and Stylised facts and the Case For (and Against) Floating Exchange Rates 2. Purchasing Power Parity and the PPP Puzzle 3. The Economics of the PPP Puzzle 4. The Flexible Price Monetary Model 5. The Sticky Price Monetary Model 6. Empirical Evidence on the Monetary Exchange Rate Model 7. Currency Substitution and Portfolio Balance Models 8. Real Exchange Rate Determination: Theory and Evidence 9. Equilibrium Exchange Rates: Measurement and Misalignment 10. The New Open Economy Macroeconomics and Exchange Rate Behaviour 11. The New Open Economy Macroeconomics: Pricing to Market and Exchange Rate Volatility Redux 12. The Economics of Fixed Exchange Rates, Part 1: Target Zone Models 13. The Economics of Fixed Exchange Rates, Part 2: Speculative Attack Models and Contagion 14. The Market Microstructure Approach to the Foreign Exchange Market 15. Spot and Forward Exchange Rates and the Forward Premium Puzzle
Additional information
NPB9780415148788
9780415148788
0415148782
Exchange Rate Economics: Theories and Evidence by Ronald MacDonald
New
Hardback
Taylor & Francis Ltd
2007-02-21
450
N/A
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