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Item Details
Title: EXCHANGE RATE ECONOMIES
By: Ronald MacDonald
Format: Hardback

List price: £134.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 184376198X
ISBN 13: 9781843761983
Publisher: EDWARD ELGAR PUBLISHING LTD
Pub. date: 1 December, 2009
Pages: 432
Description: Collects papers on exchange rate economics that are organised under four section headings: monetary fundamentals and exchange rate forecasting; equilibrium exchange rates - purchasing power parity and the real exchange rate; expectations formation news and risk; and, the economics of fixed exchange rates and credibility issues.
Synopsis: This authoritative book comprises a collection of papers written on exchange rate economics by the eminent scholar Ronald MacDonald. Each of the highly focused chapters discusses the important issues that his research has pursued in this area. The papers are organised under four section headings: monetary fundamentals and exchange rate forecasting; equilibrium exchange rates: purchasing power parity and the real exchange rate; expectations formation news and risk; and, the economics of fixed exchange rates and credibility issues. Among the key findings, Ronald MacDonald concludes that it is possible to successfully forecast currencies in an out of sample context using macroeconomic fundamentals. Also, from a practitioner's perspective, well-founded and useful measures of an equilibrium exchange rate can be calculated once violations of the purchasing power parity concept are recognised. This essential book contains a number of academic orientated papers that postgraduate students and academics will find invaluable for their research.Practitioners in the financial sector will also be extremely interested in the chapters on exchange rate forecasting and issues relating to equilibrium exchange rates.
Illustrations: Illustrations
Publication: UK
Imprint: Edward Elgar Publishing Ltd
Returns: Returnable
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