Exchange Rate Economics Where Do We Stand?

Name: Exchange Rate Economics Where Do We Stand?
Price: 4.65 USD
Availability: InStock
ISBN: 9780262042222

ISBN-10: 0262042223

ISBN-13: 9780262042222

Edition: 2005

Authors: Paul DeGrauwe

List price: $45.00

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Description:

Recent theoretical developments in exchange rate economics have led to important new insights into the functioning of the foreign exchange market. The simple models of the 1970s, which could not withstand empirical evaluation, have been succeeded by more complex models that draw on theoretical work in such areas as the microstructure of financial markets and open economy macroeconomics. Additionally, new and powerful econometric techniques allow researchers to subject exchange rates to stronger empirical analysis. This book discusses the divergent theoretical and empirical paradigms used today for setting and predicting exchange rates; the chapters reflect current debates in the field.…

Book details

List price: $45.00
Copyright year: 2005
Publisher: MIT Press
Publication date: 1/14/2005
Binding: Hardcover
Pages: 368
Size: 6.50" wide x 9.50" long x 1.25" tall
Weight: 1.342
Language: English



Contributors


Series Foreword


Introduction



Are Different-Currency Assets Imperfect Substitutes?




Volume and Volatility in the Foreign Exchange Market: Does It Matter Who You Are?




A Neoclassical Explanation of Nominal Exchange Rate Volatility




Real Exchange Rates and Nonlinearities




Heterogeneity of Agents and the Exchange Rate: A Nonlinear Approach




Dynamics of Endogenous Business Cycles and Exchange Rate Volatility




The Euro, Eastern Europe, and Black Markets: The Currency Hypothesis




What Do We Know about Recent Exchange Rate Models? In-Sample Fit and Out-of-Sample Performance Evaluated




The Euro-Dollar Exchange Rate: Is It Fundamental?




Dusting off the Perception of Risk and Returns in FOREX Markets



Index