Exchange rate economics : | theories and evidence / | Ronald MacDonald.
MacDonald, Ronald.
Exchange rate economics : theories and evidence / Ronald MacDonald. - London : Routledge, 2007. - xi, 450 p. : ill. ; 24 cm. - Routledge studies in the modern world economy. . - Routledge studies in the modern world economy. .
Includes bibliographical references (p. [405]-439) and index.
Introduction : some basic concepts and stylised facts and the case for (and against) floating exchange rates -- Purchasing power parity and the PPP puzzle -- The economics of the PPP puzzle -- The flexible price monetary model -- The sticky price monetary model -- The monetary approach to the exchange rate : an empirical perspective -- Currency substitution models and the portfolio balance approach to the exchange rate -- Real exchange rate determination : theory and evidence -- Equilibrium exchange rates : measurement and misalignment -- The new open economy macroeconomics and exchange rate behaviour -- The new open economy macroeconomics model : 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 -- The market microstructure approach to the foreign exchange market -- Spot and forward exchange rates and the forward premium puzzle.
0203380185 0415125510 0415148782 9780203380185 9780415125512 9780415148788
Foreign exchange.
HG3852 / .M33 2007
Exchange rate economics : theories and evidence / Ronald MacDonald. - London : Routledge, 2007. - xi, 450 p. : ill. ; 24 cm. - Routledge studies in the modern world economy. . - Routledge studies in the modern world economy. .
Includes bibliographical references (p. [405]-439) and index.
Introduction : some basic concepts and stylised facts and the case for (and against) floating exchange rates -- Purchasing power parity and the PPP puzzle -- The economics of the PPP puzzle -- The flexible price monetary model -- The sticky price monetary model -- The monetary approach to the exchange rate : an empirical perspective -- Currency substitution models and the portfolio balance approach to the exchange rate -- Real exchange rate determination : theory and evidence -- Equilibrium exchange rates : measurement and misalignment -- The new open economy macroeconomics and exchange rate behaviour -- The new open economy macroeconomics model : 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 -- The market microstructure approach to the foreign exchange market -- Spot and forward exchange rates and the forward premium puzzle.
0203380185 0415125510 0415148782 9780203380185 9780415125512 9780415148788
Foreign exchange.
HG3852 / .M33 2007