Fundamental Determinants of Exchange Rates - Rilegato

Rilegato

ISBN 10: 0198287992 ISBN 13: 9780198287995

Casa editrice: Oxford Univ Pr, 1995

Riassunto

"This book greatly enhances our understanding of the behavior of real exchange rates. It provides an elegant model based on a solid theoretical foundation that links real exchange rates to their fundamental economic determinants and takes proper account of stock and flow considerations. The authors provide a masterful account of how changes in productivity and thrift affect the real exchange rate, and show that the long-run impact depends crucially on whether the change reflects the former fundamental (investment) or the latter (consumption). The empirical implementation uses state-of-the-art cointegration and error correction methodologies that are eminently well suited to capture the short-run adjustment of the real exchange rate to its medium- to long-run equilibrium value. The empirical results are extremely encouraging, as the economic fundamentals identified by the authors can explain a subbstantial part of the movement in the real exchange rate of a number of countries."--Peter Clark, International Monetary Fund

Su questo libro

Informazioni sull'autore

Jerome L. Stein is Professor of Economics and Eastman Professor of Political Economy emeritus at Brown University.

Dettagli dell'edizione

• Editore: Oxford Univ Pr
• Data di pubblicazione: 1995
• Lingua: Inglese
• ISBN 10: 0198287992
• ISBN 13: 9780198287995
• Rilegatura: Copertina rigida
• Numero di pagine: 213
• Redattore: Stein Jerome L., Allen Polly Reynolds
• Contatto del produttore: non disponibile
• Persona responsabile: Ufficio Anagrafiche Messaggerie; ufficio.anagrafiche@meli.it; ; Via Verdi, 8; Assago Milano; 20090; Italia