Exchange-Rate Determination

Anne O. Krueger (Autor)

Buch | Softcover

232 Seiten

1983
Cambridge University Press (Verlag)
978-0-521-27301-5 (ISBN)

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This volume provides a survey of thought about exchange-rate determination as it emerged in the 1970s. The survey is intended to reach non-specialist professional economists whose balance-of-payments theory was learned before the 1970s, as well as to provide graduate students and advanced undergraduates with an up-to-date account of the field.

This volume is intended to provide a survey of thought about exchange-rate determination as it emerged in the decade of the 1970s. This survey differs from many, however, in that the field itself is in a state of rapid change. Understanding the changes and the reasons for them is therefore essential if the reader is to have a basis for understanding future advances in knowledge and the further evolution of the system. The survey is also intended to reach non-specialist professional economists whose balance-of-payments theory was learned before the 1970s, as well as to provide graduate students and advanced undergraduates with an up-to-date account of the field. In most respects, the theory of exchange-rate determination is based upon an analytical structure equivalent to that analyzing the determinants of the balance of payments under fixed exchange rates. The difference is that the shifts in excess demand for foreign exchange lead to quantity adjustments under fixed rates and price adjustment under flexible rates. Thus, attention turns first to exchange-rate, or balance-of-payments, determination. Thereafter formal analyses of differences and similarities between the functioning of the alternative systems are considered, reflecting the focus of the profession and the mainstream of research of this period.

Preface; 1. Introduction; 2. The field, the questions, and the concepts; 3. Models of the current account; 4. Models of the capital account; 5. Interactions between current account and capital account; 6. Alternative exchange-rate systems; 7. Policy effects under differing macroeconomic specifications; 8. Payments regimes and developing countries; References; Subject index; Author index.

Erscheint lt. Verlag	31.3.1983
Reihe/Serie	Cambridge Surveys of Economic Literature
Zusatzinfo	Worked examples or Exercises
Verlagsort	Cambridge
Sprache	englisch
Maße	138 x 216 mm
Gewicht	307 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-521-27301-3 / 0521273013
ISBN-13	978-0-521-27301-5 / 9780521273015
Zustand	Neuware