Author: John F. Bilson
Publisher: University of Chicago Press
ISBN: 0226050998
Category : Business & Economics
Languages : en
Pages : 542
Book Description
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Exchange Rate Theory and Practice
Author: John F. Bilson
Publisher: University of Chicago Press
ISBN: 0226050998
Category : Business & Economics
Languages : en
Pages : 542
Book Description
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Publisher: University of Chicago Press
ISBN: 0226050998
Category : Business & Economics
Languages : en
Pages : 542
Book Description
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
The General Theory of Employment, Interest and Money
Author: John Maynard Keynes
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Exchange Rate Economics
Author: Ronald MacDonald
Publisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334
Book Description
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Publisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334
Book Description
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Exchange Rate Misalignment in Developing Countries
Author: Sebastian Edwards
Publisher: Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
Book Description
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
Publisher: Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
Book Description
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
Articles of Agreement of the International Monetary Fund
Author: International Monetary Fund
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description
Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies
Author: Tamim Bayoumi
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 58
Book Description
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 58
Book Description
Wage Determination and Incomes Policy in Open Economies
Author: Ms.Anne Romanis Braun
Publisher: International Monetary Fund
ISBN: 9780939934751
Category : Business & Economics
Languages : en
Pages : 404
Book Description
Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.
Publisher: International Monetary Fund
ISBN: 9780939934751
Category : Business & Economics
Languages : en
Pages : 404
Book Description
Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.
The Monetary Approach to the Balance of Payments
Author: Jacob Frenkel
Publisher: Routledge
ISBN: 1135043493
Category : Business & Economics
Languages : en
Pages : 389
Book Description
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.
Publisher: Routledge
ISBN: 1135043493
Category : Business & Economics
Languages : en
Pages : 389
Book Description
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.
Collected Papers
Author: Lloyd Appleton Metzler
Publisher: Harvard University Press
ISBN: 9780674137752
Category : Business & Economics
Languages : en
Pages : 622
Book Description
The appearance of this volume in the Harvard Economic Studies merits a word of explanation. Metzler's doctoral thesis, "Interregional Income Generation," was accepted by Harvard University in 1942 and awarded the Wells Prize for the year 1944-45. Thus the prize essay now appears in print, vastly enriched by the company of Metzler's later papers, all of which have been lighly edited for consistency. The opening chapter of Metzler's thesis investigated the comparative statics and stability properties of a two-country world with Keynesian internal conditions. The second chapter of Metzler's thesis approached the classic "transfer problem" in the context of a Keynesian two-country model. The extensive final chapter of Metzler's thesis, which had not been published, dealt with financial equilibrium in the context of international capital transfers, augmenting the Keynesian income-equilibrium conditions that underlie the basic analysis of the foreign-trade multiplier with the requirement of equilibrium in the market for securities. Metzler's later work in international economics touched upon a number of topics. One of these was the joint influence of tariffs on the terms of trade and distribution of income, explored in two papers published in 1949. Metzler's contributions have also done much to advance the theory of monetary adjustments in the international economy.
Publisher: Harvard University Press
ISBN: 9780674137752
Category : Business & Economics
Languages : en
Pages : 622
Book Description
The appearance of this volume in the Harvard Economic Studies merits a word of explanation. Metzler's doctoral thesis, "Interregional Income Generation," was accepted by Harvard University in 1942 and awarded the Wells Prize for the year 1944-45. Thus the prize essay now appears in print, vastly enriched by the company of Metzler's later papers, all of which have been lighly edited for consistency. The opening chapter of Metzler's thesis investigated the comparative statics and stability properties of a two-country world with Keynesian internal conditions. The second chapter of Metzler's thesis approached the classic "transfer problem" in the context of a Keynesian two-country model. The extensive final chapter of Metzler's thesis, which had not been published, dealt with financial equilibrium in the context of international capital transfers, augmenting the Keynesian income-equilibrium conditions that underlie the basic analysis of the foreign-trade multiplier with the requirement of equilibrium in the market for securities. Metzler's later work in international economics touched upon a number of topics. One of these was the joint influence of tariffs on the terms of trade and distribution of income, explored in two papers published in 1949. Metzler's contributions have also done much to advance the theory of monetary adjustments in the international economy.
International Monetary Economics, 1870-1960
Author: M. June Flanders
Publisher: Cambridge University Press
ISBN: 0521361702
Category : Business & Economics
Languages : en
Pages : 384
Book Description
This history of international monetary thought from the end of the nineteenth century to the middle of the twentieth century provides the most comprehensive survey of the literature on the theory of international finance yet produced. The author argues that progress in the field has not been linear and classifies the literature according to groupings of ideas and personalities rather than chronologically. After a brief survey of the Classical doctrines, she examines the developments of all the main schools through the Neoclassicals, the Keynesians, and the New Classicals.
Publisher: Cambridge University Press
ISBN: 0521361702
Category : Business & Economics
Languages : en
Pages : 384
Book Description
This history of international monetary thought from the end of the nineteenth century to the middle of the twentieth century provides the most comprehensive survey of the literature on the theory of international finance yet produced. The author argues that progress in the field has not been linear and classifies the literature according to groupings of ideas and personalities rather than chronologically. After a brief survey of the Classical doctrines, she examines the developments of all the main schools through the Neoclassicals, the Keynesians, and the New Classicals.