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Exchange-Rate Determination : Cambridge Surveys of Economic Literature - Anne O. Krueger

Exchange-Rate Determination

Cambridge Surveys of Economic Literature

Paperback Published: 4th July 1983
ISBN: 9780521273015
Number Of Pages: 232

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This volume is intended to provide a survey of thought about exchange-rate determination as it emerged in the decade of the 1970s. This survey differs from many, however, in that the field itself is in a state of rapid change. Understanding the changes and the reasons for them is therefore essential if the reader is to have a basis for understanding future advances in knowledge and the further evolution of the system. The survey is also intended to reach non-specialist professional economists whose balance-of-payments theory was learned before the 1970s, as well as to provide graduate students and advanced undergraduates with an up-to-date account of the field. In most respects, the theory of exchange-rate determination is based upon an analytical structure equivalent to that analyzing the determinants of the balance of payments under fixed exchange rates. The difference is that the shifts in excess demand for foreign exchange lead to quantity adjustments under fixed rates and price adjustment under flexible rates. Thus, attention turns first to exchange-rate, or balance-of-payments, determination. Thereafter formal analyses of differences and similarities between the functioning of the alternative systems are considered, reflecting the focus of the profession and the mainstream of research of this period.

The field, the questions, and the concepts
Models of the current account
Models of the capital account
Interactions between current account and capital account
Alternative exchange-rate systems
Policy effects under differing macroeconomic specifications
Payments regimes and developing countries
Subject index
Author index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521273015
ISBN-10: 0521273013
Series: Cambridge Surveys of Economic Literature
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 232
Published: 4th July 1983
Country of Publication: GB
Dimensions (cm): 20.83 x 14.1  x 1.73
Weight (kg): 0.23

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