Description: 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.
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Title: Equilibrium Exchange Rates By Ronald MacDonald 9789401058964 NEW
Weight: 631
EAN: 9789401058964
ISBN-10: 9789401058964
Date of Publication: 2012-11
Place of Publication: 2012-11
Book Series: Springer
Genre: GARDENING / General
Narrative Type: N/A
Features: N/A
Intended Audience: N/A
Ex Libris: No
Editor: N/A
Edition: N/A
Pagination: 364
Dimensions: 921x614
Number of Pages: 351 Pages
Language: English
Publication Name: Equilibrium Exchange Rates
Publisher: Springer
Publication Year: 2012
Subject: Economics
Item Height: 235 mm
Item Weight: 557 g
Type: Textbook
Author: Ronald Macdonald, Jerome L. Stein
Series: Recent Economic Thought
Item Width: 155 mm
Format: Paperback
