Exchange Rate Theory and Practice

John F. O. Bilson and Richard C. Marston, editors

Published in 1984 by University of Chicago Press
© 1984 by the National Bureau of Economic Research

NBER Program(s):AP, ME, IFM

More information on purchasing this book
544 pages
ISBN: 0-226-05096-3

Table of Contents

Front matter: John F.O. Bilson, Richard C. Marston (p. -12 - 0) (bibliographic info) (download)
Introduction: John F.O. Bilson, Richard C. Marston (p. 1 - 10) (bibliographic info) (download)
I. Recent Development in Exchange Rate Theory and Policy: (p. 11 - 12) (bibliographic info) (download)
1. The Theory of Exchange Rate Determination : Michael L. Mussa (p. 13 - 78) (bibliographic info) (download)
2. Exchange Rate Policy after a Decade of "Floating": William H. Branson (p. 79 - 118) (bibliographic info) (download) (Working Paper version)
II. Short-Run Determinants of the Exchange Rate: (p. 119 - 120) (bibliographic info) (download)
3. International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence: Robert E. Cumby, Maurice Obstfeld (p. 121 - 152) (bibliographic info) (download) (Working Paper version)
4. Properties of Innovations in Spot and Forward Exchange Rates and the Role of Money Supply Processes: Hans Genberg (p. 153 - 174) (bibliographic info) (download)
5. Exchange Rate Dynamics: John F.O. Bilson (p. 175 - 196) (bibliographic info) (download)
III. Asset Demands and the Exchange Rate: (p. 197 - 198) (bibliographic info) (download)
6. International Portfolio Diversification: Short-Term Financial Assets and Gold: Jorge Braga de Macedo, Jeffrey Goldstein, David Meerschwam (p. 199 - 238) (bibliographic info) (download) (Working Paper version)
7. Tests of Monetary and Portfolio Balance Models of Exchange Rate Determination: Jeffrey A. Frankel (p. 239 - 260) (bibliographic info) (download)
8. The International Role of the Dollar: Theory and Prospect: Paul R. Krugman (p. 261 - 278) (bibliographic info) (download)
IV. Fundamental Determinants of the Real Exchange Rate: (p. 279 - 280) (bibliographic info) (download)
9. Real Exchange Rates in the 1970s: Louka T. Katseli (p. 281 - 334) (bibliographic info) (download)
10. The Real Exchange Rate, the Current Account, and the Speed of Adjustment: Francesco Giavazzi, Charles Wyplosz (p. 335 - 356) (bibliographic info) (download)
V. Foreign Exchange Intervention: (p. 357 - 358) (bibliographic info) (download)
11. Exchange Market Intervention Operations: Their Role in Financial Policy and Their Effects: Dale Henderson (p. 359 - 406) (bibliographic info) (download)
12. Exchange Rate Unions as an Alternative to Flexible Rates: The Effects of Real and Monetary Disturbances: Richard C. Marston (p. 407 - 442) (bibliographic info) (download)
13. Multilateral Exchange Rate Determination: A Model for the Analysis of the European Monetary System : Giorgio Basevi, Michele Calzolari (p. 443 - 466) (bibliographic info) (download)
VI. Monetary Policy and Exchange Rates: (p. 467 - 468) (bibliographic info) (download)
14. Effects of United States Monetary Restraint on the DM/$ Exchange Rate and the German Economy: Jacques Artus (p. 469 - 498) (bibliographic info) (download)
15. The Relationship between Exchange Rate Policy and Monetary Policy in Ten Industrial Countries : Stanley Black (p. 499 - 516) (bibliographic info) (download)
List of Contributors, Indexes: John F. O. Bilson, Richard C. Marston (p. 517 - 530) (bibliographic info) (download)
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