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Credibility and the International Monetary Regime : a Historical Perspective.
This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge :
Cambridge University Press,
2012.
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| Colección: | Studies in macroeconomic history.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; CREDIBILITY AND THE INTERNATIONAL MONETARY REGIME; Studies in Macroeconomic History; Title; Copyright; Contents; Figures; Tables; Contributors; PART ONE: INTRODUCTION; ONE: CCREDIBILITY IN FIXED EXCHANGE RRATE RREGIMES; OVERVIEW????????????????????????????????????????; Classical Gold Standard; The Interwar Period; Bretton Woods; The European Monetary System Period.
- Measuring credibility and mean reversion in target zone regimes?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????part two: the classical gold standard; two: credibility and fundamentals; introduction????????????????????????????????????????????????????; the gold standard as a target zone??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
- TARGET ZONES: SOME THEORY???????????????????????????????????????????????????????????????????????????????????????????IMPLICATIONS OF THE TARGET ZONE MODEL AND EMPIRICAL EVIDENCE????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????; Credibility of the Classical Gold Standard; One Hundred Per Cent Confidence Interval Test; Stationarity of the Exchange Rate within the Band; Bertola and Svensson's Test of Credibility.
- Credibility of the Inter-war Gold StandardMean Reversion of the Exchange Rate; Devaluation Expectations; SUMMARY?????????????????????????????????????; THREE: Interest Rate Interactions in the ClassicalGold Standard, 1880-1914; INTRODUCTION????????????????????????????????????????????????????; ECONOMETRIC RESULTS?????????????????????????????????????????????????????????????????????????; System 1 Results; System 2 Results; System 3 Results; SUMMARY AND CONCLUDING COMMENTS?????????????????????????????????????????????????????????????????????????????????????????????????????????????
- FOUR: Realignment Expectations and theU. S. Dollar, 1890-1897INTRODUCTION????????????????????????????????????????????????????; MORE COMMENTARY?????????????????????????????????????????????????????????????; SUMMARY AND CONCLUSIONS?????????????????????????????????????????????????????????????????????????????????????; PART THREE: THE INTER-WAR PERIOD; FIVE: The Inter-War Gold Exchange Standard.