14. Effects of United States Monetary Restraint on the DM/$ Exchange Rate and the German Economy

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Introduction 1
4. I. Recent Development in Exchange Rate Theory and Policy
5. 1. The Theory of Exchange Rate Determination 13
6. 2. Exchange Rate Policy after a Decade of “Floating’ ’ 79
7. II. Short-Run Determinants of the Exchange Rate
8. 3. International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence 121
9. 4. Properties of Innovations in Spot and Forward Exchange Rates and the Role of Money Supply Processes 153
10. 5. Exchange Rate Dynamics 175
11. III. Asset Demands and the Exchange Rate
12. 6. International Portfolio Diversification: Short-Term Financial Assets and Gold 199
13. 7. Tests of Monetary and Portfolio Balance Models of Exchange Rate Determination 239
14. 8. The International Role of the Dollar: Theory and Prospect 261
15. IV. Fundamental Determinants of the Real Exchange Rate
16. 9. Real Exchange Rates in the 1970s 281
17. 10. The Real Exchange Rate, the Current Account, and the Speed of Adjustment 335
18. V. Foreign Exchange Intervention
19. 11. Exchange Market Intervention Operations: Their Role in Financial Policy and Their Effects 359
20. 12. Exchange Rate Unions as an Alternative to Flexible Rates: The Effects of Real and Monetary Disturbances 407
21. 13. Multilateral Exchange Rate Determination: A Model for the Analysis of the European Monetary System 443
22. VI. Monetary Policy and Exchange Rates
23. 14. Effects of United States Monetary Restraint on the DM/$ Exchange Rate and the German Economy 469
24. 15. The Relationship between Exchange Rate Policy and Monetary Policy in Ten Industrial Countries 499
25. Contributors 517
26. Name Index 519
27. Subject Index 521