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Routledge Exchange Rates & International Finance Markets - Schumpeterian Analysis

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Description

This comprehensive academic text examines whether exchange rates are grounded in economic fundamentals through an innovative asset-holder perspective. The book provides an authoritative exploration of key concepts including Friedman's case for flexible exchange rates, interest parity theory, purchasing power parity, temporal equilibrium analysis, and the role of bounded interest rates in stabilization. The Graz Schumpeter Lectures framework integrates Schumpeterian economics with modern finance theory, offering readers a rigorous understanding of how exchange rate dynamics interact with broader economic forces and the neutrality of money in international markets.

Key Features

Analyse exchange rate determination from an asset-theoretic perspective, departing from traditional commodity-based approaches to international finance.

Study Friedman's flexible exchange rate framework and its implications for monetary policy and macroeconomic stability in open economies.

Explore interest parity and purchasing power parity as foundational concepts in understanding exchange rate behaviour and international capital flows.

Examine process analysis of temporal exchange rate equilibria to understand how markets adjust towards long-run equilibrium conditions.

Investigate stabilisation mechanisms through bounded interest rates and their effectiveness in managing exchange rate volatility.

Understand the relationship between monetary neutrality and exchange rate dynamics within the Schumpeterian analytical framework.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
14 March 2002
Listed Since
08 February 2007

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