The Theory and Empirics of Exchange Rates

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Description

Exchange rate economics is crucial field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the speculation of and empirical evidence at the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for the ones engaged on this field of analysis.

  • Why Do We Take a look at Exchange Rates?
  • Exchange Rate Determination within the Mundell-Fleming Model
  • The Flexible-Value Monetary Model of Exchange Rates
  • The Theory of the Balance of Payments
  • Exchange Rate Determination within the Dornbusch Model
  • Other Sticky-Value Monetary Models of Exchange Rates
  • The Monetary Model of Exchange Market Pressure
  • The Portfolio Balance Model of Exchange Rates
  • The Currency Substitution Model of Exchange Rates
  • The Microstructure Strategy to Exchange Rates
  • The News Model of Exchange Rates
  • Empirical Evidence at the Macroeconomic Models of Exchange Rates
  • Empirical Evidence at the Microstructure Models of Exchange Rates
  • Concluding Thoughts and Remarks
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