| Exchange Rate Economics Contributor(s): Isard, Peter (Author), Pencavel, John (Editor) |
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ISBN: 0521466008 ISBN-13: 9780521466004 Publisher: Cambridge University Press OUR PRICE: $51.29 Product Type: Paperback Published: September 1995 Annotation: 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 confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend; the historical and institutional material (part I) and the discussion of policy issues (part III) contain no equations or technical notation, while the chapters on models of exchange rate behavior (part II) are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists. |
| Additional Information |
| BISAC Categories: - Business & Economics | Foreign Exchange - Business & Economics | Economics - General - Business & Economics | Economics - Macroeconomics |
| Dewey: 332.456 |
| LCCN: 95008063 |
| Series: Cambridge Surveys of Economic Literature |
| Physical Information: 0.67" H x 5.98" W x 8.97" (0.94 lbs) 292 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. An important feature of the book is its emphasis throughout on the main policy issues relating to the stabilization of exchange rates. The level of exposition is relatively nontechnical, and will be intelligible to undergraduate students. |