| Description |
1 online resource (viii, 425 pages) : illustrations |
| Series |
Routledge international studies in money and banking ; 30 |
|
Routledge international studies in money and banking ; 30.
|
| Contents |
1. Introduction / Rebecca Driver, Peter Sinclair and Christoph Thoenissen -- 2. Can emerging markets float? should they inflation target? / Barry Eichengreen -- 3. Exchange rates, inflation and monetary policy objectives in open economies : the experience of Chile / Rodrigo Caputo -- 4. The expenditure switching effect and the choice between fixed and floating exchange rates / Ozge Senay and Alan Sutherland -- 5. Economic shocks and the choice of currency area : the case of Argentina, 1991-2002 / Paul Hallwood, Ian Marsh and Jörg Scheibe -- 6. Concepts of equilibrium exchange rates / Rebecca Driver and Peter Westaway -- 7. Fundamental equilibrium exchange rates and currency boards : evidence from Argentina and Estonia in the 1990s / Kalin Hristov -- 8. Revisiting the border : an assessment of the law of one price using very disaggregated consumer price data / Charles Engel, John H. Rogers and Shing-Yi Wang -- 9. An asset market integration test based on observable macroeconomic stochastic discount factors / Peter N. Smith, Steffen Sorensen and Mike Wickens -- 10. Real exchange rates, current accounts and the net foreign asset position / Christoph Thoenissen -- 11. The macroeconomics of international financial trade / Philip Lane -- 12. External adjustment and debt sustainability / Douglas Hostland and Lawrence Schembri -- 13. What type of country restricts international capital movements? / Dan Huynh and Peter Sinclair -- 14. An empirical analysis of the "impossible trinity" : an East Asian perspective / Izumi Takagawa -- 15. Sterilized intervention and monetary control : the case of Korea / Byung Han Seo -- 16. Intervention in the foreign exchange market in a model with noise traders / Paul De Grauwe and Marianna Grimaldi -- 17. Exchange rates, capital flows and policy : some concluding observations / Rebecca Driver, Peter Sinclair and Christoph Thoenissen |
| 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 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Foreign exchange rates.
|
|
Monetary policy.
|
|
Capital movements.
|
|
BUSINESS & ECONOMICS -- Foreign Exchange.
|
|
Monetary policy.
|
|
Capital movements.
|
|
Foreign exchange rates.
|
|
Capital movements
|
|
Foreign exchange rates
|
|
Monetary policy
|
| Form |
Electronic book
|
| Author |
Sinclair, P. J. N.
|
|
Driver, Rebecca
|
|
Thoenissen, C
|
| LC no. |
2004053186 |
| ISBN |
0203171950 |
|
9780203171950 |
|
