Exchange Rate Determination
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Exchange Rate Determination by Anne O. Krueger
Book DescriptionThis volume is intended to provide a survey of thought about exchange-rate determination as it emerged in the decade of the 1970s. This survey differs from many, however, in that the field itself is in a state of rapid change. Understanding the changes and the reasons for them is therefore essential if the reader is to have a basis for understanding future advances in knowledge and the further evolution of the system. The survey is also intended to reach non-specialist professional economists whose balance-of-payments theory was learned before the 1970s, as well as to provide graduate students and advanced undergraduates with an up-to-date account of the field. In most respects, the theory of exchange-rate determination is based upon an analytical structure equivalent to that analyzing the determinants of the balance of payments under fixed exchange rates. The difference is that the shifts in excess demand for foreign exchange lead to quantity adjustments under fixed rates and price adjustment under flexible rates. Thus, attention turns first to exchange-rate, or balance-of-payments, determination. Thereafter formal analyses of differences and similarities between the functioning of the alternative systems are considered, reflecting the focus of the profession and the mainstream of research of this period.
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Book DetailsISBN: 9780521273015
(228mm x 152mm x 13mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 31-Mar-1983
Country of Publication: United Kingdom
Books By Author Anne O. Krueger
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This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to distil key issues that need to inform public debate.
Governance, Regulation, and Privatization in the Asia-Pacific region, Hardback (April 2004)
The contributors to this volume offer an account of the relative success of different approaches to privatisation as undertaken in Korea, China, Australia and Japan.
Economic Policy Reform, Paperback (July 2003)» View all books by Anne O. Krueger
The papers and commentary collected here constitute a vital discussion of contemporary thinking on economic policy reform, in particular the difficulties that leave so much of the world seemingly mired in poverty.
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