The Monetary Approach To The Exchange Rate PDF Download
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Author | : Jacob Frenkel |
Publisher | : Routledge |
Total Pages | : 389 |
Release | : 2013-07-18 |
Genre | : Business & Economics |
ISBN | : 1135043493 |
Download The Monetary Approach to the Balance of Payments Book in PDF, ePub and Kindle
This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.
Author | : Mr.Mark P. Taylor |
Publisher | : International Monetary Fund |
Total Pages | : 28 |
Release | : 1992-05-01 |
Genre | : Business & Economics |
ISBN | : 1451978804 |
Download The Monetary Approach to the Exchange Rate Book in PDF, ePub and Kindle
We re-examine the monetary approach to the exchange rate from a number of perspectives, using monthly data on the deutschemark-dollar exchange rate. Using the Campbell-Shiller technique for testing present value models, we reject the restrictions imposed upon the data by the forward-looking rational expectations monetary model. We demonstrate, however, that the monetary model is validated as a long-run equilibrium condition. Moreover, imposing the long-run monetary model restrictions in a dynamic error correction framework leads to exchange rate forecasts which are superior to those generated by a random walk forecasting model.
Author | : Jan Herin |
Publisher | : Routledge |
Total Pages | : 280 |
Release | : 2020-12-17 |
Genre | : |
ISBN | : 9780367171827 |
Download Flexible Exchange Rates/h Book in PDF, ePub and Kindle
This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26-27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
Author | : Ronald MacDonald |
Publisher | : Springer Science & Business Media |
Total Pages | : 353 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9401144117 |
Download Equilibrium Exchange Rates Book in PDF, ePub and Kindle
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.
Author | : Mr.Mark P. Taylor |
Publisher | : International Monetary Fund |
Total Pages | : 61 |
Release | : 1991-06-01 |
Genre | : Business & Economics |
ISBN | : 1451964390 |
Download Exchange Rate Economics Book in PDF, ePub and Kindle
We survey the literature on the two main views of exchange rate determination that have evolved since the early 1970s: the monetary approach to the exchange rate (in flex-price, sticky-price and real interest differential formulations) and the portfolio balance approach. We then go on to discuss the extant empirical evidence on these models and conclude by discussing how the future research strategy in the area of exchange rate determination is likely to develop. We also discuss the literature on foreign exchange market efficiency, on exchange rates and ‘news’ and on international parity conditions.
Author | : John F. O. Bilson |
Publisher | : |
Total Pages | : 238 |
Release | : 1976 |
Genre | : Foreign exchange |
ISBN | : |
Download A Monetary Approach to the Exchange Rate Book in PDF, ePub and Kindle
Author | : Lucio Sarno |
Publisher | : Cambridge University Press |
Total Pages | : 334 |
Release | : 2003-01-09 |
Genre | : Business & Economics |
ISBN | : 1139435043 |
Download The Economics of Exchange Rates Book in PDF, ePub and Kindle
In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.
Author | : Thomas M. Humphrey |
Publisher | : Greenwood |
Total Pages | : 440 |
Release | : 1982 |
Genre | : Business & Economics |
ISBN | : |
Download The Monetary Approach to the Balance of Payments, Exchange Rates, and World Inflation Book in PDF, ePub and Kindle
Author | : David Bigman |
Publisher | : Beard Books |
Total Pages | : 356 |
Release | : 2003-03 |
Genre | : Business & Economics |
ISBN | : 9781587981296 |
Download Floating Exchange Rates and the State of World Trade and Payments Book in PDF, ePub and Kindle
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author | : Kent Peters Kimbrough |
Publisher | : |
Total Pages | : 266 |
Release | : 1980 |
Genre | : Foreign exchange |
ISBN | : |
Download Real Aspects of the Monetary Approach to the Exchange Rate Book in PDF, ePub and Kindle