Equilibrium Exchange Rates High quality books
Equilibrium Exchange Rates
By:Ronald MacDonald,Jerome L. Stein
Published on 2012-12-06 by Springer Science & Business Media

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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Book ID of Equilibrium Exchange Rates's Books is csD0CAAAQBAJ, Book which was written byRonald MacDonald,Jerome L. Steinhave ETAG "lMcedEXtSBU"
Book which was published by Springer Science & Business Media since 2012-12-06 have ISBNs, ISBN 13 Code is 9789401144117 and ISBN 10 Code is 9401144117
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