The Theory And Empirics Of Exchange Rates


The Theory And Empirics Of Exchange Rates
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The Theory And Empirics Of Exchange Rates


The Theory And Empirics Of Exchange Rates
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Author : Imad A. Moosa
language : en
Publisher:
Release Date : 2010

The Theory And Empirics Of Exchange Rates written by Imad A. Moosa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.


Exchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research. Sample Chapter(s). Chapter 1: Why DoWe Study Exchange Rates? (214 KB). Contents: Why Do We Study Exchange Rates?; Exchange Rate Determination in the Mundell-Fleming Model; The Flexible-Price Monetary Model of Exchange Rates; The Theory of the Balance of Payments; Exchange Rate Determination in the Dornbusch Model; Other Sticky-Price Monetary Models of Exchange Rates; The Monetary Model of Exchange Market Pressure; The Portfolio Balance Model of Exchange Rates; The Currency Substitution Model of Exchange Rates; The Microstructure Approach to Exchange Rates; The News Model of Exchange Rates; Empirical Evidence on the Macroeconomic Models of Exchange Rates; Empirical Evidence on the Microstructure Models of Exchange Rates; Concluding Thoughts and Remarks. Readership: Graduate students and researchers in international finance and open-economy macroeconomics; policy-makers in central and treasury banks; professional economists and forecasters.



The Economics Of Exchange Rates


The Economics Of Exchange Rates
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Author : Lucio Sarno
language : en
Publisher: Cambridge University Press
Release Date : 2003-01-09

The Economics Of Exchange Rates written by Lucio Sarno and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-09 with Business & Economics categories.


In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.



The Economics Of Exchange Rates


The Economics Of Exchange Rates
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Author : Lucio Sarno
language : en
Publisher: Cambridge University Press
Release Date : 2002

The Economics Of Exchange Rates written by Lucio Sarno and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.



The Theory And Empirics Of Exchange Rates


The Theory And Empirics Of Exchange Rates
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Author : Imad A Moosa
language : en
Publisher: World Scientific
Release Date : 2009-07-15

The Theory And Empirics Of Exchange Rates written by Imad A Moosa and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-15 with Business & Economics categories.


Exchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research.



Exchange Rate Economics


Exchange Rate Economics
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Author : Ronald MacDonald
language : en
Publisher: Psychology Press
Release Date : 2007

Exchange Rate Economics written by Ronald MacDonald and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Foreign exchange categories.


This book examines the influence of fiscal policy on exchange rates, recent development in the econometric modelling of exchange rates, and exchange rate modelling for developing countries.



Exchange Rate Theory And Practice


Exchange Rate Theory And Practice
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Author : John F. Bilson
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01

Exchange Rate Theory And Practice written by John F. Bilson and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.


This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.



The Empirical Evidence On The Efficiency Of Forward And Futures Foreign Exchange Markets


The Empirical Evidence On The Efficiency Of Forward And Futures Foreign Exchange Markets
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Author : R. Hodrick
language : en
Publisher: Routledge
Release Date : 2014-05-01

The Empirical Evidence On The Efficiency Of Forward And Futures Foreign Exchange Markets written by R. Hodrick and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-01 with Business & Economics categories.


First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.



International Parity Conditions


International Parity Conditions
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Author : Razzaque H. Bhatti
language : en
Publisher: Springer
Release Date : 2016-07-27

International Parity Conditions written by Razzaque H. Bhatti and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.


This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.



The Effects Of Real Exchange Rate Volatility On Sectoral Investment


The Effects Of Real Exchange Rate Volatility On Sectoral Investment
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Author : Bahar Erdal
language : en
Publisher: Routledge
Release Date : 2017-05-18

The Effects Of Real Exchange Rate Volatility On Sectoral Investment written by Bahar Erdal and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-18 with Business & Economics categories.


Originally published in 1997. This study investigates what the effects of real exchange rate volatility are on sectorial investment in the fixed and flexible exchange rate systems. It lays out the results of research into the effects of the levels and volatility of real exchange rates on investment in the manufacturing sectors of the countries in the European Monetary System as well as of the countries in the flexible exchange rate system, with data from between 1973 and 1993. Examining the differences between the two systems in the results this book also looks at exchange rate effects on interest rates at the time.



Exchange Rate Dynamics


Exchange Rate Dynamics
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Author : Martin D. D. Evans
language : en
Publisher: Princeton University Press
Release Date : 2011-03-14

Exchange Rate Dynamics written by Martin D. D. Evans and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-14 with Business & Economics categories.


A comprehensive and in-depth look at exchange-rate dynamics Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in exchange-rate economics. Covering a vast swath of theoretical and empirical work, the book explores established theories of exchange-rate determination using macroeconomic fundamentals, and presents unique microbased approaches that combine the insights of microstructure models with the macroeconomic forces driving currency trading. Macroeconomic models have long assumed that agents—households, firms, financial institutions, and central banks—all have the same information about the structure of the economy and therefore hold the same expectations and uncertainties regarding foreign currency returns. Microbased models, however, look at how heterogeneous information influences the trading decisions of agents and becomes embedded in exchange rates. Replicating key features of actual currency markets, these microbased models generate a rich array of empirical predictions concerning trading patterns and exchange-rate dynamics that are strongly supported by data. The models also show how changing macroeconomic conditions exert an influence on short-term exchange-rate dynamics via their impact on currency trading. Designed for graduate courses in international macroeconomics, international finance, and finance, and as a go-to reference for researchers in international economics, Exchange-Rate Dynamics guides readers through a range of literature on exchange-rate determination, offering fresh insights for further reading and research. Comprehensive and in-depth examination of the latest research in exchange-rate economics Outlines theoretical and empirical research across the spectrum of modeling approaches Presents new results on the importance of currency trading in exchange-rate determination Provides new perspectives on long-standing puzzles in exchange-rate economics End-of-chapter questions cement key ideas