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Exchange Rate Economics Theories and Evidence by Rona MacDonald

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Published by Routledge .
Written in English


Book details:

The Physical Object
Number of Pages464
ID Numbers
Open LibraryOL7484249M
ISBN 100415148782
ISBN 109780415148788

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This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey of the different theories that attempt to explain the behavior of exchange rates, and outlines the salient institutional characteristics of the modern foreign exchange market in the context of an evolving international monetary by: 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.   The exchange rate is the rate at which one currency trades against another on the foreign exchange market; If the present exchange rate is £1=$, this means that to go to America you would get $ for £ Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.

This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey of the different theories that attempt to explain the behavior of exchange rates, and outlines the salient institutional characteristics of the modern foreign exchange market in the context of an evolving international monetary system/5(3).   This book is a survey of exchange-rate economics. Using the latest econometric techniques, it covers the main theories that explain the determination of exchange rates and utilizes recent empirical data on exchange rate behavior/5(8). Discussions of the different theoretical and empirical paradigms for setting and predicting exchange rates. Recent theoretical developments in exchange rate economics have led to important new insights into the functioning of the foreign exchange market. The simple models of the s, which could not withstand empirical evaluation, have been succeeded by more complex models that draw on. Figure U.S. Dollar Exchange Rate in Japanese Yen Even seemingly stable exchange rates such as the Japanese Yen to the U.S. Dollar can vary when closely examined over time. This figure shows a relatively stable rate between and In , there was a drastic depreciation of the Yen (relative to the U.S. Dollar) by about 14% and again at the end of the year in also by about 14%.

About the Contributors Author. Steve Suranovic is an associate professor of economics and international affairs at the George Washington University (GW) in Washington, has been teaching international trade and finance for more than twenty five years at GW and as an adjunct for Cornell University’s Washington, D.C, : Steve Suranovic. The New Open Economy Macroeconomics and Exchange Rate Behaviour The New Open Economy Macroeconomics: Pricing to Market and Exchange Rate Volatility Redux The Economics of Fixed Exchange Rates, Part 1: Target Zone Models The Economics of Fixed Exchange Rates, Part 2: Speculative Attack Models and Contagion Exchange Rate: An exchange rate is the price of a nation’s currency in terms of another currency. Thus, an exchange rate has two components, the domestic currency and a foreign currency, and can. The Exchange Rate and Inflation: The exchange rate affects the rate of inflation in a number of direct and indirect ways: Changes in the prices of imported goods and services – this has a direct effect on the consumer price index. For example, an appreciation of the exchange rate usually reduces the price of imported consumer goods and durables, raw materials and capital goods.