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Oxford University Press Fundamental Determinants Of Exchange Rates

Name: Fundamental Determinants Of Exchange Rates
Brand: Oxford University Press
Price: 46.0 GBP
Availability: InStock

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Description

"This book greatly enhances our understanding of the behavior of real exchange rates. It provides an elegant model based on a solid theoretical foundation that links real exchange rates to their fundamental economic determinants and takes proper account of stock and flow considerations. The authors provide a masterful account of how changes in productivity and thrift affect the real exchange rate, and show that the long-run impact depends crucially on whether the change reflects the former fundamental (investment) or the latter (consumption). The empirical implementation uses state-of-the-art cointegration and error correction methodologies that are eminently well suited to capture the short-run adjustment of the real exchange rate to its medium- to long-run equilibrium value. The empirical results are extremely encouraging, as the economic fundamentals identified by the authors can explain a substantial part of the movement in the real exchange rate of a number of countries."-Peter Clark, International Monetary Fund

Product Specifications

Brand: Oxford University Press
Format: paperback
ASIN: 0198293062
Category: Books > Subjects > Business, Finance & Law > Accounting > International
Domain: Amazon UK
Release Date: 16 July 1998
Listed Since: 15 December 2006

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Oxford University Press Fundamental Determinants Of Exchange Rates

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