'Exchange Rate Economics: Theories and Evidence' is the second edition of
'Floating Exchange Rates: Theories and Evidence' and builds on the successful content and
structure of the previous edition, but has been comprehensively updated and expanded to
include additional literature on the determination of both fixed and floating exchange
rates.
Core topics covered include:
- the purchasing power parity hypotheses and the PPP puzzle;
- the monetary and portfolio-balance approaches to exchange rates;
- new open economy macroeconomics approach to exchange rates;
- the determination of exchange rates in target zone models and speculative attack models.
'Exchange Rate Economics: Theories and Evidence' also includes extensive discussion of
recent econometric work on exchange rates with a particular focus on equilibrium exchange
rates and measuring exchange rate misalignment, as well as discussion on the
non-fundamentals-based approaches to exchange rate behaviour, such as the market
microstructure approach.
The book will appeal to academics and postgraduate students with an interest in all
aspects of international finance and will also be of interest to practitioners interested
in issues of equilibrium exchange rates and the forecastability of currencies in terms of
macroeconomic fundamentals.
Paperback, 464 pages