Equilibrium Exchange Rates
Ronald MacDonald · Jerome L. Stein
Dec 2012 · Recent Economic Thought Book 69 · Springer Science & Business Media
eBook
351
Pages
reportRatings and reviews aren’t verified Learn more
About this eBook
- 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.
Rate this eBook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Centre instructions to transfer the files to supported eReaders.
