Exchange Rate Dynamics: A Modern Analysis of Exchange Rate Theory and Evidence
Language: English
Published by Edward Elgar Publishing Ltd, 1993
- Hardcover
- Used
Condition: Used - Near fine
US$ 61.20
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Ancien livre de bibliothèque avec équipements. Couverture différente. Edition 1993. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Good. Former library book. Different cover. Edition 1993. Ammareal gives back up to 15% of this item's net price to charity organizations.
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- Title
- Exchange Rate Dynamics: A Modern Analysis of Exchange Rate Theory and Evidence
- Author
- Eric J. Pentecost
- Publisher
- Edward Elgar Publishing Ltd
- Publication year
- 1993
- Condition
- Bon
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1852781386
- ISBN 13
- 9781852781385
Eric Pentecost examines the vast literature which has been produced since the mid-1970s by carefully developing the main theoretical models of exchange rate determination and assessing their empirical validity, drawing largely from recent econometric results based on the cointegration methodology. In addition to the monetary and portfolio balance models of the exchange rate and their predecessors, models of ‘the news’, speculative bubbles and risk premia are also considered. Very recent developments are reviewed in the final chapter and include the use of survey data on exchange rate expectations to test the rational expectations hypothesis, chartism, the use of chaos theory as a means of modelling exchange rate dynamics, and models of ‘smooth-pasting’.
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