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Look Inside Exchange Rate Economics

Exchange Rate Economics


Part of Cambridge Surveys of Economic Literature

  • Author: Peter Isard, International Monetary Fund Institute, Washington DC
  • Date Published: September 1995
  • availability: Available
  • format: Paperback
  • isbn: 9780521466004

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About the Authors
  • This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend and the chapters are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.

    • Provides a lucid and relatively easy to comprehend survey of theories of exchange rate behavior and their explanatory power
    • Contains extensive insights on the policy issues that surround desires to stabilize exchange rates
    • Includes invaluable historical and institutional perspectives
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    Reviews & endorsements

    '… provides an extremely well written and complete overview of exchange rates and exchange rate models ... an excellent work of reference.' Economic Journal

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    Product details

    • Date Published: September 1995
    • format: Paperback
    • isbn: 9780521466004
    • length: 292 pages
    • dimensions: 229 x 152 x 17 mm
    • weight: 0.43kg
    • contains: 12 b/w illus.
    • availability: Available
  • Table of Contents

    1. Introduction
    2. Foreign exchange markets and the marketability of money
    3. Exchange rate arrangements and international monetary regimes
    4. Exchange rates and national price levels
    5. Exchange rates and interest rates
    6. Exchange rates and the balance of payments
    7. News, revisions in expectations, and exchange rate dynamics
    8. Empirical estimates of structural exchange rate models
    9. New perspectives from optimizing models of realignments under fixed exchange rates
    10. New directions for conceptual models of flexible exchange rates
    11. The choice of exchange rate arrangements
    12. Policy-oriented perspectives on exchange rate stability
    Index of authors
    Index of subjects.

  • Author

    Peter Isard, International Monetary Fund Institute, Washington DC

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