Exchange rates, capital flows and policy / edited by Rebecca Driver, Peter Sinclair and Christoph Thoenissen.

Format:

Book

Contributor:

Sinclair, P. J. N.

Driver, Rebecca.

Thoenissen, C.

Series:

Routledge international studies in money and banking.

Routledge International Studies in Money and Banking ; 30

Language:

English

Subjects (All):

Foreign exchange rates.

Monetary policy.

Capital movements.

Physical Description:

1 online resource (436 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 2005.

Language Note:

English

Summary:

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.

Contents:

Cover; Exchange Rates, Capital Flows and Policy; Title Page; Copyright Page; Table of Contents; List of contributors; Foreword; 1 Introduction; 2 Can emerging markets float? Should they inflation target?; 3 Exchange rates, inflation and monetary policy objectives in open economies: the experience of Chile; 4 The expenditure switching effect and the choice between fixed and floating exchange rates; 5 Economic shocks and the choice of currency area: the case of Argentina, 1991-2002; 6 Concepts of equilibrium exchange rates

7 Fundamental equilibrium exchange rates and currency boards: evidence from Argentina and Estonia in the 1990s8 Revisiting the border: an assessment of the law of one price using very disaggregated consumer price data; 9 An asset market integration test based on observable macroeconomic stochastic discount factors; 10 Real exchange rates, current accounts and the net foreign asset position; 11 The macroeconomics of international financial trade; 12 External adjustment and debt sustainability; 13 What type of country restricts international capital movements?

14 An empirical analysis of the ""impossible trinity"": an East Asian perspective15 Sterilized intervention and monetary control: the case of Korea; 16 Intervention in the foreign exchange market in a model withnoise traders; 17 Exchange rates, capital flows and policy: some concluding observations; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-134-26197-7

1-134-26198-5

1-280-17502-8

9786610175024

0-203-17195-0

9780203171950

OCLC:

253003709