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Exchange Rate Dynamics - A New Open Economy Macroeconomics Perspectives (Hardcover) Loot Price: R5,543
Discovery Miles 55 430
Exchange Rate Dynamics - A New Open Economy Macroeconomics Perspectives (Hardcover): Jean-OIiver Hairault, Thepthida Sopraseuth

Exchange Rate Dynamics - A New Open Economy Macroeconomics Perspectives (Hardcover)

Jean-OIiver Hairault, Thepthida Sopraseuth

Series: Routledge International Studies in Money and Banking

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Loot Price R5,543 Discovery Miles 55 430 | Repayment Terms: R519 pm x 12*

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Are exchange rates determined by economic fundamentals or are they a prey to random speculative forces? Some economists assert that economic theory has so far performed poorly in explaining the dramatic increase in exchange rate volatility in the recent floating rate period. This book argues that modern macroeconomic theory does provide guidelines for understanding exchange rate fluctuations. Since the mid-1990s, there has been an outpouring of research that aims at laying new foundations for open-macroeconomic theory. The so-called New Open Economy Macroeconomics (NOEM) approach embeds micro-founded behaviour into dynamic general equilibrium models. This provides a rich framework for thinking about exchange rate behaviour and lays the groundwork for credible policy evaluation. This book shows how the most recent analytical tools proposed in this literature improve our understanding of exchange rate fluctuations. With contributions from an international array of thinkers, this impressive book shall interest both students and researchers involved with Macroeconomics, Money and Banking as well as all those interested in International Finance, including financial institu

General

Imprint: Routledge
Country of origin: United Kingdom
Series: Routledge International Studies in Money and Banking
Release date: December 2003
First published: 2004
Editors: Jean-OIiver Hairault • Thepthida Sopraseuth
Dimensions: 234 x 156 x 25mm (L x W x T)
Format: Hardcover
Pages: 320
ISBN-13: 978-0-415-29877-3
Categories: Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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LSN: 0-415-29877-6
Barcode: 9780415298773

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