A Guide to International Monetary Economics: Exchange Rate Systems and Exchange Rate Theories

ISBN: 9781843765950
Publisher: Edward Elgar Pub
Edition: 3
Publication Date: 2005-01-01
Number of pages: 259
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DESCRIPTION

An overview of exchange rate systems and exchange rate theories is presented in this book. The various theories are grouped according to the time period for which their explanation is relevant. Exchange rates are determined in different models and how these models relate to one another, with explanations are to which models are relevant to the various exchange rate systems available to policy makers, paying particular attention to dependent economy models. The author also examines exchange rate policy and monetary unions while his colleague, Willem Smits, provides a chapter dealing with the Exchange Rate Mechanism of the European Monetary System.

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