Exchange Rate Economics

This book describes and evaluates the literature on exchange rate economics. Itprovides a wideranging survey with background on the history of internationalmone... » 

This book describes and evaluates the literature on exchange rate economics. Itprovides a wideranging survey with background on the history of internationalmonetary regimes and the institutional characteristics of foreign exchangemarkets an overview of the development of conceptual and empirical models ofexchange rate behavior and perspectives on the key issues that policymakersconfront in deciding whether and how to try to stabilize exchange rates. Thetreatment of most topics is reasonably compact with extensive references tothe literature for those desiring to pursue individual topics further. Thelevel of exposition is relatively easy to comprehend and the chapters arewritten at a level intelligible to firstyear graduate students or advancedundergraduates. The book will enlighten both students and policymakers andshould also serve as a valuable reference for many research economists. «