Fundamental Determinants of Exchange Rates (Paperback, New edition)

Existing models fail to explain the large fluctuations in the real exchange rates of most currencies over the past twenty years. The Natural Real Exchange Rate approach (NATREX) taken here offers an alternative paradigm to those which focus on short-run movements of nominal eschange rates, purchasing power parity of the representative agent intertemporal optimization models. Yet it is also neo-classical in its stress upon the accepted fundamentals driving a real economy. It concentrates on the real exchange rate, and explains medium- tolong-run movements in equilibrium real exchange rates in terms of fundamental variables: the productivity of capital and social (public plus private) thrift at home and abroad. The NATREX approach is a family of growth models, each tailored to the characteristics of the countries considered. The authors explain the real international value of the US dollar relativ to the G10 countries, and the US current account. These are two large economies. The model is also applied to small economies, where it explains the real value of the Australian dollar and the Latin American currencies relative to the US dollar. This book is intended for academics and advan

General

Imprint:	Clarendon Press
Country of origin:	United Kingdom
Release date:	April 1998
Authors:	Jerome L. Stein (Eastman Professor of Political Economy) • Polly Reynolds Allen (Professor of Economics)
Dimensions:	216 x 139 x 16mm (L x W x T)
Format:	Paperback
Pages:	272
Edition:	New edition
ISBN-13:	978-0-19-829306-4
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > International economics > International finance Books > Business & Economics > Economics > International economics > International trade > General Promotions
LSN:	0-19-829306-2
Barcode:	9780198293064

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!