Exchange Rates and Macroeconomic Dynamics

ISBN: 9780230500624

出版社: Palgrave Macmillan

出版年: 2008-4

页数: 264

定价: $ 124.30

装帧: HRD

内容简介

The impact of exchange rate movements on prices and economics is at the core of international macroeconomic theory and policy. In recent years, interest in this issue has increased, following strong exchange rate fluctuations, the unsustainability of the current account imbalances, and the expected exchange rate regimes in some emerging economies. This book explores the PPP persistence puzzle, looking at the econometric aspects of exchange rate dynamics and their implications. Questions related to the supposed misalignment of the Chinese exchange rate are also investigated. The book also examines the importance of exchange rates dynamics in the pass-through effects (PTE), as well as exploring econometric aspects of the exchange rate dynamics linked to structural shocks on different economies. This book is an excellent resource for all with a research interest in the econometrics of exchange rates dynamics.