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Sinopsis
This volume examines the intersection between a new analytical approach and a real economic problem.
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Críticas
"...to be welcomed as a timely dissemination of some of the essential contributions to the study of target zones." Karl Driessen, Finance & Development
"In conclusion, the volume is an accurate picture of the recent (1990) state of the 'target zone' literature and will be useful to economists desirous of keeping abreast...." Stanley W. Black, Journal of Money, Credit, and Banking
Reseña del editor
Research programmes in economics usually emerge from the intersection between a new analytical approach and a real economic problem. In the last few years, such a programme has emerged in international monetary economics, which is underpinned by a theoretical framework grounded in stochastic calculus and the increasing prominence in the real world of the international monetary arrangements under which national monetary authorities attempt to keep exchange rates within bands or 'target zones'. This new programme of research also covers switches in exchange rate regimes. This volume from the Centre for economic Policy Research and the National Bureau of Economic Research includes contributions - as authors or discussants - from most of the active participants in the development of this new field, and will serve as a useful introduction and basic text for this new research programme. It opens with an account of the basic economic model of a currency band developed by Paul Krugman, which is followed by two papers that extend this approach. Other chapters study the regime switches entailed in Britain's return to the gold standard in 1925 and the preannounced entry of a floating currency into a band such as the EMS. Essays on sustainability and realignment consider the possible outcomes of speculative attacks on such bands, and the volume ends with a paper on econometric testing of models of this type.
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Exchange Rate Targets and Currency Bands
Publicado por
Cambridge University Press, 1992
ISBN 10: 0521415330
ISBN 13: 9780521415330
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Librería: Ammareal, Morangis, Francia
Calificación del vendedor: 5 de 5 estrellas
Hardcover. Condición: Très bon. Ancien livre de bibliothèque. Légères traces d'usure sur la couverture. Edition 1992. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. Slight signs of wear on the cover. Edition 1992. Ammareal gives back up to 15% of this item's net price to charity organizations. Nº de ref. del artículo: D-865-397
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Imagen de archivo
Exchange Rate Targets and Currency Bands
Publicado por
Cambridge University Press, 1992
ISBN 10: 0521415330
ISBN 13: 9780521415330
Antiguo o usado
Tapa dura
Librería: Anybook.com, Lincoln, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
Condición: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,600grams, ISBN:0521415330. Nº de ref. del artículo: 5838853
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Exchange Rate Targets and Currency Bands
Publicado por
Cambridge University Press, 1991
ISBN 10: 0521415330
ISBN 13: 9780521415330
Antiguo o usado
Tapa dura
Librería: dsmbooks, Liverpool, Reino Unido
Calificación del vendedor: 4 de 5 estrellas
hardcover. Condición: Good. Good. book. Nº de ref. del artículo: D8S0-3-M-0521415330-4
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