On Exchange Rates
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On Exchange Rates

On Exchange Rates


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About the Book

Table of Contents:
Part 1 The modern international monetary system: the flexible exchange rate system - experience and alternatives, (with Rudiger Dornbusch); quantifying international capital mobility in the 1980s. Part 2 The determination of exchange rate movements: on the mark - a theory of floating exchange rates based on real interest differentials; monetary and portfolio-balance models of the determination of exchange rates; why interest rates react to money announcements - an explanation from the foreign exchange market, (with Charles Engel); six possible meanings of "overvaluation" - the 1981-85 dollar; Zen and the art of modern macroeconomics - the search for perfect nothingness. Part 3 Is there an exchange risk premium?: tests of rational expectations in the forward exchange market; the diversifiability of exchange risk; in search of the exchange risk premium - a six-currency test assuming mean-variance optimization; recent estimates of time-variation in the conditional variance and in the exchange risk premium; forward discount bias - is it an exchange risk premium?, (with Kenneth A. Froot). Part 4 Exchange rate expectations: using survey data to test standard propositions regarding exchange rate expectation, (with Kenneth A. Froot); understanding the US dollar in the Eighties - the expectations of Chartists and fundamentalists, (with Kenneth A. Froot); Chartists, fundamentalists, and trading in the foreign exchange market, (with Kenneth A. Froot); foreign exchange intervention - an empirical assessment, (with Kathryn M. Dominguez); the European monetary system - credible in 1988-1991?, (with Steven Phillips).

About the Author :
Jeffrey A. Frankel is James W. Harpel Professor of Capital Formation and Economic Growth at Harvard University's John F. Kennedy School of Government and a Research Associate at the National Bureau of Economic Research.


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Product Details
  • ISBN-13: 9780262061544
  • Publisher: MIT Press Ltd
  • Publisher Imprint: MIT Press
  • Height: 229 mm
  • Returnable: N
  • Weight: 771 gr
  • ISBN-10: 0262061546
  • Publisher Date: 04 Jun 1993
  • Binding: Hardback
  • Language: English
  • Spine Width: 28 mm
  • Width: 160 mm


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On Exchange Rates
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