Download or read book Essays on Rational Expectations and Flexible Exchange Rates written by Nasser Saidi and published by Routledge. This book was released on 2017-07-14 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1982. This book deals with exchange-rate determination and the implications of floating rate regimes for the time paths of prices and quantities. It develops a class of stochastic equilibrium models of the open economy operating under flexible exchange rates, assuming that agents are endowed with rational expectations but do not possess full current information as to the state of the world. Chapters look at a model’s response to economic disturbances, the effect on non-traded goods, and cyclical variations of the terms of trade. The final chapter considers a model to investigate purchasing parity issues.

Download or read book Three Essays on Exchange Rate Determination written by Richard Kent Lyons and published by . This book was released on 1987 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Exchange Rate Determination written by Rangan Varadan and published by . This book was released on 1998 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the second essay presented in Chapter III, I explain the failure of UFRH based on the argument of existence of time-varying risk premium. I investigate the pricing of forward contracts in the context of conditional international asset pricing models. In contrast to much of this previous work, I consider generalizations in two important dimensions. First, the international asset pricing model (IAPM) is specified in a conditional environment. Second, in this chapter I treat the pricing of forward contracts in a framework that allows for more than one source of risk. The strongest support to the model's restrictions comes from using a set of country-specific variables in a two-factor setting. This implies that, in the forward exchange market, the exchange, rate risk is an important factor. Furthermore, the evidence supports the idea that deviations from the expected future spot rate are due to a risk premium.

Download or read book Exchange Rate Determination written by Anne O. Krueger and published by Cambridge University Press. This book was released on 1983-03-31 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a survey of thought about exchange-rate determination as it emerged in the 1970s.

Download or read book Essays on Exchange Rate Determination and Capital Controls written by Shulamit Pessach and published by . This book was released on 1984 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On Exchange Rates written by Jeffrey A. Frankel and published by MIT Press. This book was released on 1993 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: These seventeen essays provide an accessible and thorough reference for understanding the role of exchange rates in the international monetary system since 1973, when the rates were allowed to float. The essays analyze such issues as exchange rate movements, exchange risk premia, investor expectations of exchange rates and behavior of exchange rates in different systems. Frankel's sound empirical treatment of exchange rate questions shows that it is possible to produce work that is interesting from a purely intellectual viewpoint while contributing to practical knowledge of the real world of international economics and finance.The essays have been organized in a way that provides an introduction to the field of empirical international finance. Part I documents the steady reduction in barriers to international capital movement and leads logically to part II, which explains how exchange rates are determined. Both monetary and portfolio-based models are surveyed in part II, providing a clear transition to the topic of part III; the possible existence of an exchange risk premium. Part IV applies the tools discussed in earlier sections to explore various policy questions related to exchange rate expectations such as whether foreign exchange intervention matters and whether the European monetary system had become credible by 1991. Each part begins with a detailed introduction explaining not only the central issues of that section but also suggesting connections with other essays in the book.Jeffrey A. Frankel is Professor of Economics at the University of California, Berkeley.

Download or read book Three Essays on Monetary Search Theory and Exchange Rates Determination written by Tae Hwan Yoo and published by . This book was released on 2002 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in International Economics written by Peter B. Kenen and published by Princeton University Press. This book was released on 2019-01-29 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written form 1957 through 1978 by one of the foremost authorities in the field of international economics, this collection of Peter Kenen's previously published essays deals with issues in the pure theory of international trade, international monetary theory, and international monetary reform. The essays in Part I, "Trade, Tariffs, and Welfare," concern the roles of tangible and human capital in the determination of trade patterns, the joint determination of demand conditions and trade patterns, the gains from international trade, and the effects of migration on economic welfare. Part II, "International Monetary Theory and Policy," contains essays on the theory of gold-exchange standard, the determination of forward exchange rates, the demand for international reserves, economic integration and the delineation of currency areas, and the process of balance of payments adjustment under pegged and floating exchange rates. The essays in Part III, "Monetary Reform and the Dollar," are arranged in chonological order, from 1963 through 1977, and focus on the problems and progress of international monetary reform and on the functioning of the present international monetary system. Peter B. Kenen is Walker Professor of Economics and International Finance at Princeton University. The Princeton Sereies of Collected Essays provides facsimile reprints, in paperback and in cloth, of important articles by leading scholars. Originally published in 1981. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Download or read book Essays on Exchange Rate Determination and International Capital Flows in Emerging Economies written by Fredy A. G. Estrada and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the Workings of the Foreign Exchange Market written by Stephen Gregory Sapp and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the significant quantity of research that has been focused on the foreign exchange market, the forces influencing short- and medium-term exchange rate movements and the mechanisms through which they operate are surprisingly poorly understood. Traditional analyses have used macroeconomic theory to describe how fundamental economic factors influence exchange rates, but have been largely unsuccessful at explaining observed exchange rate behavior. This dissertation uses a variety of empirical techniques to characterize the impact of different economic and financial factors on exchange rate movements. By identifying factors related to exchange rate movements, the studies in this dissertation will allow the development of more realistic models of the short- and medium-term exchange rate determination process.

Download or read book Essays in Option Pricing and Foreign Exchange Rate Determination written by Joseph P. Ghalbouni and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Option Pricing and Foreign Exchange Rate Determination written by Joseph P. Ghalbouni and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Spot and Forward Foreign Exchange Rates written by Peter L. Bossaerts and published by . This book was released on 1986 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Empirical Essays on the Nontraded Goods Approach to Real Exchange Rate Determination written by Vikas Kakkar and published by . This book was released on 1996 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on the Empirical Aspects of Models of Exchange Rate Determination written by Michael Kirk Pippenger and published by . This book was released on 1990 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Balance of Payments Flow Models of Exchange Rate Determination written by Philippe Henri Heiche and published by . This book was released on 2000 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monetary Policy Capital Flows and Exchange Rates written by William Allen and published by Routledge. This book was released on 2002-09-26 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maxwell Fry was known internationally for his research into international and domestic financial issues. This book constitutes a tribute to his pioneering work in so many areas, and draws together contributions from a range of academic and policy-making colleagues who were fortunate enough to experience the depth of knowledge and insights which Maxwell demonstrated.