International Macroeconomics

International Macroeconomics

By: Emmanuel Pikoulakis (author)Paperback

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This text provides an international treatment of the asset approach to the exchange rate and the current account of the balance of payments. It includes an analysis of macroeceonomic adjustments under fixed, floating and managed exchange rates and it compares the stabilization properties of each exchange rate regime in the case where economies are subjected to random shocks and price adjustments and are characterized by inertia. It also highlights the issues that arise from international co-ordination of policies and provides an examination of the empirical evidence on exchange rate economics.

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Approaches to the Balance of Payments and the Exchange Rate - Growth and the Balance of Payments under Alternative Exchange Rate Regimes - The Asset Approach to the Exchange Rate: Monetary Models - The Asset Approach to the Exchange Rate: Portfolio Balance Models - Exchange Rates, Expectations and the Current Account - The Exchange Rate and the Current Account when Prices Evolve Sluggishly - The Cost of Disinflation in a Floating Exchange Rate Regime - Economic Stability under Fixed, Floating and Managed Exchange Rates - International Coordination of Monetary Policies under Alternative Exchange Rate Regimes - A Survey of Empirical Evidence on Exchange Rate Economics

Product Details

  • publication date: 15/11/1995
  • ISBN13: 9780333598962
  • Format: Paperback
  • Number Of Pages: 288
  • ID: 9780333598962
  • weight: 459
  • ISBN10: 0333598962

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