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Interest Rates, Exchange Rates and World Monetary Policy (Hardcover, 2010 ed.) Loot Price: R4,745
Discovery Miles 47 450
Interest Rates, Exchange Rates and World Monetary Policy (Hardcover, 2010 ed.): John E. Floyd

Interest Rates, Exchange Rates and World Monetary Policy (Hardcover, 2010 ed.)

John E. Floyd

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Loot Price R4,745 Discovery Miles 47 450 | Repayment Terms: R445 pm x 12*

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A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real exchange rates are almost entirely determined by real factors relating to growth and technology such as oil and commodity prices, international allocations of world investment across countries, and underlying terms of trade changes. Unanticipated money supply shocks, calculated in five alternative ways have virtually no effects. A Blanchard-Quah VAR analysis also indicates that the effects of real shocks predominate over monetary shocks by a wide margin. The implications of these facts for the conduct of monetary policy in countries outside the U.S. are then explored leading to the conclusion that all countries, to avoid exchange rate overshooting, have tended to automatically follow the same monetary policy as the United States. The history of world monetary policy is reviewed along with the determination of real exchange rates within the Euro Area.

General

Imprint: Springer-Verlag
Country of origin: Germany
Release date: December 2009
First published: 2010
Authors: John E. Floyd
Dimensions: 235 x 155 x 28mm (L x W x T)
Format: Hardcover
Pages: 404
Edition: 2010 ed.
ISBN-13: 978-3-642-10279-0
Categories: Books > Science & Mathematics > Mathematics > Probability & statistics
Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > Business & Economics > Economics > Econometrics > General
Books > Business & Economics > Economics > International economics > General
LSN: 3-642-10279-4
Barcode: 9783642102790

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