Research programmes in economics usually emerge from the
intersection between a new analytical approach and a real economic
problem. In the last few years, such a programme has emerged in
international monetary economics, which is underpinned by a
theoretical framework grounded in stochastic calculus and the
increasing prominence in the real world of the international
monetary arrangements under which national monetary authorities
attempt to keep exchange rates within bands or 'target zones'. This
new programme of research also covers switches in exchange rate
regimes. This volume from the Centre for economic Policy Research
and the National Bureau of Economic Research includes contributions
- as authors or discussants - from most of the active participants
in the development of this new field, and will serve as a useful
introduction and basic text for this new research programme. It
opens with an account of the basic economic model of a currency
band developed by Paul Krugman, which is followed by two papers
that extend this approach. Other chapters study the regime switches
entailed in Britain's return to the gold standard in 1925 and the
preannounced entry of a floating currency into a band such as the
EMS. Essays on sustainability and realignment consider the possible
outcomes of speculative attacks on such bands, and the volume ends
with a paper on econometric testing of models of this type.
General
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!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
