Name: Exchange-Rate Determination Paperback (Cambridge Surveys of Economic Literature) (en Inglés)
Price: 186.20 PEN
Availability: InStock
Author: Krueger
ISBN: 9780521273015

portada Exchange-Rate Determination Paperback (Cambridge Surveys of Economic Literature) (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Krueger

Año

1983

Idioma

Inglés

N° páginas

232

Encuadernación

Tapa Blanda

ISBN

0521273013

ISBN13

9780521273015

Categorías

Cambio de divisas

Exchange-Rate Determination Paperback (Cambridge Surveys of Economic Literature) (en Inglés)

Krueger (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "Exchange-Rate Determination Paperback (Cambridge Surveys of Economic Literature) (en Inglés)"

This volume is intended to provide a survey of thought about exchange-rate determination as it emerged in the decade of the 1970s. This survey differs from many, however, in that the field itself is in a state of rapid change. Understanding the changes and the reasons for them is therefore essential if the reader is to have a basis for understanding future advances in knowledge and the further evolution of the system. The survey is also intended to reach non-specialist professional economists whose balance-of-payments theory was learned before the 1970s, as well as to provide graduate students and advanced undergraduates with an up-to-date account of the field. In most respects, the theory of exchange-rate determination is based upon an analytical structure equivalent to that analyzing the determinants of the balance of payments under fixed exchange rates. The difference is that the shifts in excess demand for foreign exchange lead to quantity adjustments under fixed rates and price adjustment under flexible rates. Thus, attention turns first to exchange-rate, or balance-of-payments, determination. Thereafter formal analyses of differences and similarities between the functioning of the alternative systems are considered, reflecting the focus of the profession and the mainstream of research of this period.