Name: Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes (Japan-Us Center ufj Bank Monographs on International Financial Markets)
SKU: 18957924
Price: 934.00 ZAR
Availability: InStock
Author: Piet Sercu; Raman Uppal
ISBN: 9780521034234

portada Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes (Japan-Us Center ufj Bank Monographs on International Financial Markets)

Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes (Japan-Us Center ufj Bank Monographs on International Financial Markets)

Type

Physical Book

Publisher

Cambridge University Press

Author

Piet Sercu; Raman Uppal

Year

2006

Language

English

Pages

176

Format

Paperback

ISBN

052103423x

ISBN13

9780521034234

Synopsis "Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes (Japan-Us Center ufj Bank Monographs on International Financial Markets) "

Recent years have seen a substantial increase in the volatility of exchange rates. This trend has prompted economists and finance analysts to question if the observed behaviour of exchange rates is consistent with a rational model. Does that volatility hinder trade? What are financial markets' effects on countries' investment decisions, and how would changes in fixed exchange rates affect growth and welfare? What are the requirements to make such changes feasible? Professors Sercu and Uppal examine these issues in the context of dynamic general equilibrium models, explicitly considering the role of financial markets while allowing for commodity markets to be segmented across countries. They show that the theoretical models for exchange rates in this context are quite different from those put forth by monetary theorists and proponents of purchasing power parity arguments.

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Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes (Japan-Us Center ufj Bank Monographs on International Financial Markets) - Piet Sercu; Raman Uppal

Synopsis "Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes (Japan-Us Center ufj Bank Monographs on International Financial Markets) "

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