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Exchange Rates and International Finance Markets : An Asset-Theoretic Perspective with Schumpeterian Perspective - Erich W. Streissler

Exchange Rates and International Finance Markets

An Asset-Theoretic Perspective with Schumpeterian Perspective

Hardcover Published: 14th March 2002
ISBN: 9780415277464
Number Of Pages: 160

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This book poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. In a unique approach the subject is analysed from an asset holder's perspective and Streissler takes the reader through an authoritative and wide-ranging study including:
*Friedman's case for flexible exchange rates
*interest parity and purchasing power parity
*process analysis of temporal exchange rate equilibria
*stabilization through bounded interest rates and exchange rate theory
*the problem of the neutrality of money

Fundamentals? Exchange rates in the light of Schumpeter but not of Dioletian
Preliminaries Friedman's case for flexible exchange rates versus random walks in theory and practice
Equilibria? Interest parity and purchasing power parity - which kind of equilibria?
Divergence Process analysis of temporal exchange rate equilibria
Stabilization Further results on process equilibria and countervailing forces making for mean reversion
Mere demand and supply Stabilization through bounded interest rates and exchange rate theory "Without the contrivance of macroeconomics"
Non-neutrality I On the nature of money - or: The story of Anacharsis the Scythian, Part I
Non-neutrality II The story of Anacharsis the Scythian Part II
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415277464
ISBN-10: 0415277469
Series: The Graz Schumpeter Lectures
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 160
Published: 14th March 2002
Country of Publication: GB
Dimensions (cm): 23.5 x 15.88  x 1.91
Weight (kg): 0.36
Edition Number: 1

Earn 916 Qantas Points
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