Springer Equilibrium Exchange Rates: 69 - Recent Economic Thought

Explore the complexities of international finance with Equilibrium Exchange Rates: 69, part of the Recent Economic Thought series by Springer. This academic volume addresses fundamental questions regarding the success of Purchasing Power Parity (PPP) and its extension in the monetary model as a measure of equilibrium exchange rates. Readers will gain insights into the determinants and dynamics of equilibrium real exchange rates, along with methods to measure misalignments and identify their causes. The text also examines how specific policies affect the equilibrium exchange rate. This book is a valuable resource for academic theorists, policymakers, international bankers, and investment fund managers who need a deep understanding of exchange rate determination. It covers a wide range of perspectives, moving from PPP through various reduced form models to provide a comprehensive overview of the subject.