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Table of contents (11 chapters)
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Front Matter
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Back Matter
About this book
- 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.
Editors and Affiliations
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University of Strathclyde, UK
Ronald MacDonald
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Brown University, USA
Jerome L. Stein
Bibliographic Information
Book Title: Equilibrium Exchange Rates
Editors: Ronald MacDonald, Jerome L. Stein
Series Title: Recent Economic Thought
DOI: https://doi.org/10.1007/978-94-011-4411-7
Publisher: Springer Dordrecht
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eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media New York 1999
Hardcover ISBN: 978-0-7923-8424-3Published: 31 July 1999
Softcover ISBN: 978-94-010-5896-4Published: 05 November 2012
eBook ISBN: 978-94-011-4411-7Published: 06 December 2012
Series ISSN: 0924-199X
Edition Number: 1
Number of Pages: VII, 351
Topics: Macroeconomics/Monetary Economics//Financial Economics, Econometrics
Industry Sectors: Finance, Business & Banking