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Exchange Rates and International Finance Markets : an Asset-Theoretic Perspective with Schumpeterian.
In this book, Streissler poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. This is a wide-ranging study considering issues such as flexible exchange rates and interest parity.
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London :
Routledge,
2002.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Book Cover; Title; Contents; Fundamentals? Exchange rates in the light of Schumpeter, but not of Diocletian; Diocletian's pretium verum; Price-theoretic fundamentals of modern economics and their inapplicability to certain assets; Schumpeter, Hayek and Keynes on innovation and entrepreneurship; Notes; Preliminaries Friedman's case for flexible exchange rates versus random walks in theory and practice; Martingales and random walks; Some exchange rate empirics; Notes; Equilibria? Interest parity and purchasing power parity which kind of equilibria?; Uncovered interest parity.
- The contradiction between purchasing power parity and uncovered interest parityNotes; Divergence Process analysis of temporal exchange rate equilibria; Disequilibrium: slow quantity adjustment of capital; A stochastic model of the development of the exchange rate over time; Some further aspects of random walks; Notes; Stabilization Further results on process equilibria and countervailing forces making for mean reversio.