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book: Exchange Rate Theory and Practice
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Exchange Rate Theory and Practice

  • Edited by: John F. Bilson and Richard C. Marston
Language: English
Published/Copyright: 1984
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About this book

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.


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i

Publicly Available Download PDF
vii

John F. O. Bilson and Richard C. Marston
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1
I. Recent Development in Exchange Rate Theory and Policy

Michael Mussa
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13

William H. Branson
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79
II. Short-Run Determinants of the Exchange Rate

Robert E. Cumby and Maurice Obstfeld
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121

Hans Genberg
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153

John F. O. Bilson
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175
III. Asset Demands and the Exchange Rate

Jorge Braga de Macedo, Jeffrey A. Goldstein and David M. Meerschwam
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199

Jeffrey A. Frankel
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239

Paul Krugman
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261
IV. Fundamental Determinants of the Real Exchange Rate

Louka T. Katseli
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281

Francesco Giavazzi and Charles Wyplosz
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335
V. Foreign Exchange Intervention

Dale W. Henderson
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359

Richard C. Marston
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407

Giorgio Basevi and Michele Calzolari
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443
VI. Monetary Policy and Exchange Rates

Jacques R. Artus
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469

Stanley W. Black
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499

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517

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519

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521

Publishing information
Pages and Images/Illustrations in book
eBook published on:
December 1, 2007
eBook ISBN:
9780226050997
Pages and Images/Illustrations in book
Main content:
538
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