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Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes
Eelke de Jong
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Description for Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes
Paperback. Investigatesthe causes of the bad performance of many exchange rate models and tries to determine the optimal exchange rate regime for small countries, drawing upon a structural model of exchange rate determination, optimal control experiments and recent European monetary union proposals. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 278 pages, 27 black & white tables, biography. BIC Classification: KCBM; KCL. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 279 x 210 x 15. Weight in Grams: 705.
1.1 Some characteristics of the floating exchange rate system The flexible exchange rate system has functioned far less satisfactorily than many anticipated in 1973, when the major industrialized countries decided to let their currencies float. The dominant currencies' exchange rates have fluctuated more 1 than expected. These fluctuations concern both short-term movement- intraday fluctuations and movements during a week or a month - and long term changes that last for more than a year. Daily percentage changes of one percent are not unusual for the recent float (see MacDonald, 1988, p.8). However, the release of new information can give rise ... Read more
1.1 Some characteristics of the floating exchange rate system The flexible exchange rate system has functioned far less satisfactorily than many anticipated in 1973, when the major industrialized countries decided to let their currencies float. The dominant currencies' exchange rates have fluctuated more 1 than expected. These fluctuations concern both short-term movement- intraday fluctuations and movements during a week or a month - and long term changes that last for more than a year. Daily percentage changes of one percent are not unusual for the recent float (see MacDonald, 1988, p.8). However, the release of new information can give rise ... Read more
Product Details
Format
Paperback
Publication date
1991
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
278
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
271
Place of Publication
Berlin, Germany
ISBN
9783540540212
SKU
V9783540540212
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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