Exchange rate dynamics : a modern analysis of exchange rate theory and evidence. Ex-Library.
Language: English
Published by Edward Elgar Pub., (Aldershot Hants, UK. & Brookfield Vermont, USA.), 1993
- Hardcover
- Used
Seller: Yushodo Co., Ltd., Fuefuki-shi, Yamanashi Pref., JapanYushodo Co., Ltd.
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US$ 22.33
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xiii, 224 p.
Seller Inventory # GU4122
- Title
- Exchange rate dynamics : a modern analysis of exchange rate theory and evidence. Ex-Library.
- Author
- Pentecost, Eric J.
- Publisher
- Edward Elgar Pub., (Aldershot Hants, UK. & Brookfield Vermont, USA.)
- Publication year
- 1993
- Condition
- Good
- Dust jacket
- No Jacket
- 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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Yushodo Co., Ltd.
Fuefuki-shi, Yamanashi Pref., Japan
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