TY - BOOK AU - MacDonald,Ronald TI - Exchange rate economics: theories and evidence SN - 9780415148788 (hbk) U1 - 332.4562 23 PY - 2007/// CY - London, New York PB - Routledge KW - Cambio exterior KW - LEMB KW - Cambio (Economía) KW - Oferta y demanda KW - Comercio exterior N1 - Incluye referencias bibliográficas e índice; 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 ER -