Exchange rate economics

MacDonald, Ronald 1955-

Exchange rate economics : theories and evidence / Ronald MacDonald . -- 1a ed. . -- London New York : Routledge, 2007 . -- xi, 450 p. : il. ; 24 cm.

Nota de bibliografía : Incluye referencias bibliográficas e índice.

Nota de contenido : 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.
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9780415148788 (hbk) 9780415125512 (pbk) 9780203380185 (ebk) 0415148782


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