Floating exchange rates versus a monetary union under rational beliefs

Floating exchange rates versus a monetary union under rational beliefs PDF Author: Carsten Krabbe Nielsen
Publisher:
ISBN:
Category :
Languages : en
Pages : 53

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Floating exchange rates versus a monetary union under rational beliefs

Floating exchange rates versus a monetary union under rational beliefs PDF Author: Carsten Krabbe Nielsen
Publisher:
ISBN:
Category :
Languages : en
Pages : 53

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Book Description


"From Floating to Monetary Union

Author: Eduard Hochreiter
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 92

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Fixed Versus Floating Exchange Rates on the Way to Monetary Union

Fixed Versus Floating Exchange Rates on the Way to Monetary Union PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 53

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Assets, Beliefs, and Equilibria in Economic Dynamics

Assets, Beliefs, and Equilibria in Economic Dynamics PDF Author: Charalambos D. Aliprantis
Publisher: Springer Science & Business Media
ISBN: 3662058588
Category : Business & Economics
Languages : en
Pages : 733

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Book Description
A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoretical and applied research. The volume is dedicated to Mordecai Kurz. The papers were presented in a special symposium co-hosted by the Stanford University Department of Economics and by the Stanford Institute of Economic Policy Research in August 2002.

Exchange Rate Economics

Exchange Rate Economics PDF Author: Ronald MacDonald
Publisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334

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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""

The Monetary Approach to the Balance of Payments

The Monetary Approach to the Balance of Payments PDF Author: Jacob Frenkel
Publisher: Routledge
ISBN: 1135043493
Category : Business & Economics
Languages : en
Pages : 389

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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.

Knowledge, Information, and Expectations in Modern Macroeconomics

Knowledge, Information, and Expectations in Modern Macroeconomics PDF Author: Philippe Aghion
Publisher: Princeton University Press
ISBN: 0691223939
Category : Business & Economics
Languages : en
Pages :

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Book Description
Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance. The contributions, which represent a breadth of contemporary theoretical approaches, cover topics including the real effects of monetary disturbances, difficulties in expectations formation, structural factors in unemployment, and sources of technical progress. Based on an October 2001 conference honoring Phelps, this incomparable volume provides the most comprehensive and authoritative account in years of the present state of macroeconomics while also pointing to its future. The fifteen chapters are by the editors and by Daron Acemoglu, Jess Benhabib, Guillermo A. Calvo, Oya Celasun, Michael D. Goldberg, Bruce Greenwald, James J. Heckman, Bart Hobijn, Peter Howitt, Hehui Jin, Charles I. Jones, Michael Kumhof, Mordecai Kurz, David Laibson, Lars Ljungqvist, N. Gregory Mankiw, Dale T. Mortensen, Maurizio Motolese, Stephen Nickell, Luca Nunziata, Wolfgang Ochel, Christopher A. Pissarides, Glenda Quintini, Ricardo Reis, Andrea Repetto, Thomas J. Sargent, Jeremy Tobacman, and Gianluca Violante. Commenting are Olivier J. Blanchard, Jean-Paul Fitoussi, Mark Gertler, Robert E. Hall, Robert E. Lucas, Jr., David H. Papell, Robert A. Pollak, Robert M. Solow, Nancy L. Stokey, and Lars E. O. Svensson. Also included are reflections by Phelps, a preface by Paul A. Samuelson, and the editors' introduction.

Inflation Targeting and Exchange Rate Management In Less Developed Countries

Inflation Targeting and Exchange Rate Management In Less Developed Countries PDF Author: Mr.Marco Airaudo
Publisher: International Monetary Fund
ISBN: 1475523165
Category : Business & Economics
Languages : en
Pages : 65

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Book Description
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.

Three Exchange Rate Regimes and a Monetary Union

Three Exchange Rate Regimes and a Monetary Union PDF Author: Carsten Krabbe Nielsen
Publisher:
ISBN:
Category : Devaluation of currency
Languages : en
Pages : 44

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Book Description
Se estudian tres diferentes regímenes de tipos de cambio en un modelo estocástico OLG con capital libre en mercados incompletos.

Financial Integration in the European Monetary Union

Financial Integration in the European Monetary Union PDF Author: Sławomir Ireneusz Bukowski
Publisher: Routledge
ISBN: 0429575610
Category : Business & Economics
Languages : en
Pages : 126

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Book Description
This book introduces readers to the world of international financial markets and their integration on a global and regional scale. The author presents the theoretical and practical issues concerning the processes of financial market integration, with a particular focus on the monetary union. The empirical research results are based on econometric modeling, thus simplifying them for a non-specialist audience, who can instead concentrate on the author’s conclusions, which comprise the results of these complicated research methods. The author outlines the role and functions of financial markets in the economy, in particular the relationship between financial intermediaries and financial markets and tackles the question of integration of new EU member countries’ financial markets within the eurozone. The integration of financial markets in an international context is inevitable, and the author argues that we must learn how to benefit from it from in terms of economic growth. This book will be a valuable resource for students of economics and finance, particularly those studying financial management and international business and finance, as well as professionals in these fields. Further, this book will be of interest to anyone looking to discover more about the problems of globalization and the integration of financial markets into the modern economy.