theories and evidence MacDonald, Ronald. creator text bibliography enk London Routledge 2007 monographic eng

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xi, 450 p. : ill. ; 24 cm. 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. Ronald MacDonald. Includes bibliographical references (p. [405]-439) and index. Foreign exchange HG3852 .M33 2007 0203380185 0415125510 0415148782 9780203380185 9780415125512 9780415148788 DLC 101013 20200628125554.0 CY-PaNEU10003812