Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.

About the Author

Peter Sinclair is an economist specializing in international and monetary economics at the Bank of England.
Rebecca Driver is research adviser to the external members of the Monetary Policy Committee of the Bank of England
Christoph Thoenissen is a former Bank of England economist who now teaches at the University of St. Andrews.

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