Verfügbarkeit: The exchange rate environment

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Titel:	The exchange rate environment
Von:	Simon Brooks, Keith Cuthbertson and David G. Mayes
Person:	Brooks, Simon Verfasser aut Cuthbertson, Keith Mayes, David G. 1946-2017
Hauptverfassende:	Brooks, Simon (VerfasserIn), Cuthbertson, Keith (VerfasserIn), Mayes, David G. 1946-2017 (VerfasserIn)
Format:	Buch
Sprache:	Englisch
Veröffentlicht:	London u.a. Croom Helm 1986
Schlagworte:	Foreign exchange Devisenmarkt Wechselkurs
Online-Zugang:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=000326124&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Beschreibung:	XIII, 294 S.
ISBN:	0709917627

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Datensatz im Suchindex

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adam_text	IMAGE 1 THE EXCHANGE RATE ENVIRONMENT SIMON BROOKS, KEITH CUTHBERTSON AND DAVID G. MAYES CROOM HELM LONDON * SYDNEY * WOLFEBORO, NEW HAMPSHIRE IMAGE 2 CONTENTS LIST OF ABBREVIATIONS ABOUT THE AUTHORS FOREWORD 1. INTRODUCTION 1 THE STRUCTURE OF THE BOOK 1 WHY EXCHANGE MARKETS ARE INTRINSICALLY COMPLICATED 5 THE GENESIS OF EXCHANGE RATE SYSTEMS 7 THE FIXED BUT ADJUSTABLE SYSTEM 9 EXCHANGE RATE POLICY UNDER FLOATING EXCHANGE RATES 10 CURRENCY FLOWS ARISE FOR OTHER REASONS THAN THE FINANCING OF TRADE 11 IS THERE MORE TO EXCHANGE RATE THEORY THAN PPP? 13 PART 1: EXCHANGE RATE DETERMINATION: THEORY AND EVIDENCE IS 2. THE SPOT MARKET, THE FORWARD MARKET AND THE CAPITAL ACCOUNT 17 INTRODUCTION 17 DEFINITIONS AND NOTATION 19 FORWARD MARKETS 27 COVERED INTEREST ARBITRAGE AND THE DEMAND FOR SPOT CURRENCY 29 SPECULATIVE CAPITAL FLOWS IN THE SPOT MARKET 33 DIRECT INVESTMENT 35 SUMMARY AND CONCLUSIONS 36 3. THEORIES OF THE DETERMINATION OF THE FORWARD RATE AND SPOT CAPITAL FLOWS 38 INTRODUCTION 38 THE MODERN THEORY OF THE FORWARD RATE 39 TESTING THE MODERN THEORY OF THE FORWARD EXCHANGE RATE 43 CAPITAL FLOWS IN THE SPOT MARKET: EMPIRICAL TESTS 47 POLICY IMPLICATIONS 51 THE FORWARD MARKET, BANK ARBITRAGE AND TRANSACTIONS COSTS 54 SUMMARY AND CONCLUSIONS 57 V IMAGE 3 VI CONTENTS 4. INTERNATIONAL MONETARY MODELS 59 CURRENT ACCOUNT MONETARY MODELS, CAM 60 CAPITAL ACCOUNT MONETARIST MODELS, KAM 69 5. ASSET MARKETS, THE EFFICIENT MARKETS HYPOTHESIS AND NEWS 83 INTRODUCTION 83 RATIONAL EXPECTATIONS HYPOTHESIS, REH 88 THE EFFICIENT MARKETS HYPOTHESIS: EMH 90 EXCHANGE RATES AND NEWS 104 SUMMARY AND CONCLUSIONS 114 PART 1: FURTHER READING 118 PART 2: ALTERNATIVE EXCHANGE RATE REGIMES 119 6. THE EVOLUTION OF THE EXCHANGE RATE SYSTEM SINCE THE SECOND WORLD WAR 125 THE BRETTON WOODS SYSTEM 125 GOLD AND GOLD STANDARDS 130 THE COLLAPSE OF THE BRETTON WOODS SYSTEM 133 THE CREATION OF THE SYSTEM OF FLOATING EXCHANGE RATES 135 7. THE EUROPEAN MONETARY SYSTEM 139 ANTECEDENTS 139 THE STRUCTURE OF THE EMS 141 EXPERIENCE OF THE EMS 146 OPTIMUM CURRENCY AREAS 148 8. OTHER EXCHANGE RATE REGIMES 150 THE UK INVESTMENT CURRENCY MARKET 155 BILATERAL ARRANGEMENTS 157 PART 2: FURTHER READING 159 PART 3: THE EXCHANGE RATE AND ECONOMIC POLICY 161 9. THE EXCHANGE RATE AND THE REAL ECONOMY 165 INTRODUCTION 165 EXCHANGE RATE POLICY UNDER FIXED EXCHANGE RATES 168 THE IMPLICATIONS OF PRODUCING MORE THAT ONE GOOD 177 A SPECIAL MODEL: DEVALUATION IN THE INCOME EXPENDITURE MODEL 190 IMAGE 4 CONTENTS VII 10. EXCHANGE RATE POLICY AND THE RATE OF INFLATION 19S IMPORTED INFLATION 195 DOMESTICALLY GENERATED INFLATION 211 CONCLUSIONS 225 11. THE INTERACTIONS OF EXCHANGE RATE POLICY WITH OTHER POLICIES 226 EXCHANGE RATE POLICY AND FISCAL POLICY 226 EXCHANGE RATE POLICY AND MONETARY POLICY 233 * COMMERCIAL POLICY AND THE EXCHANGE RATE 235 12. THE IMPACT OF NATURAL RESOURCE DISCOVERY ON EXCHANGE RATES: THE CASE OF NORTH SEA OIL 238 THE HISTORICAL BACKGROUND AND PROSPECTS FOR THE FUTURE 238 THE STATIC EFFECTS OF OIL ON THE NON-OIL ECONOMY UNDER FIXED EXCHANGE RATES 241 THE EFFECTS OF VARIATIONS IN THE EXCHANGE RATE 243 THE QUANTITATIVE IMPORTANCE OF OIL IN THE UK ECONOMY AND ITS ESTIMATED EFFECT ON THE EXCHANGE RATE 245 CONCLUSION 248 PART 3: FURTHER READING 249 - PART 4: FORECASTING 251 13. FORECASTING THE EXCHANGE RATE - A SCEPTICAL VIEW 253 ECONOMETRIC EQUATIONS AND ECONOMETRIC MODELS 253 NON-ECONOMETRIC METHODS 276 HOW WELL DO PROFESSIONAL FORECASTERS FORECAST? 280 WHY IS THE EXCHANGE RATE SO HARD TO FORECAST? 282 CONCLUSIONS REFERENCES INDEX 285 290
any_adam_object	1
author	Brooks, Simon Cuthbertson, Keith Mayes, David G. 1946-2017
author_GND	(DE-588)128652136
author_facet	Brooks, Simon Cuthbertson, Keith Mayes, David G. 1946-2017
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author_sort	Brooks, Simon
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bvnumber	BV000528766
callnumber-first	H - Social Science
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classification_rvk	QM 331
ctrlnum	(OCoLC)13947788 (DE-599)BVBBV000528766
dewey-full	338.4/56
dewey-hundreds	300 - Social sciences
dewey-ones	338 - Production
dewey-raw	338.4/56
dewey-search	338.4/56
dewey-sort	3338.4 256
dewey-tens	330 - Economics
discipline	Wirtschaftswissenschaften
format	Book
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id	DE-604.BV000528766
illustrated	Not Illustrated
indexdate	2024-12-20T07:22:26Z
institution	BVB
isbn	0709917627
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-000326124
oclc_num	13947788
open_access_boolean
owner	DE-12 DE-473 DE-BY-UBG DE-703 DE-188
owner_facet	DE-12 DE-473 DE-BY-UBG DE-703 DE-188
physical	XIII, 294 S.
publishDate	1986
publishDateSearch	1986
publishDateSort	1986
publisher	Croom Helm
record_format	marc
spellingShingle	Brooks, Simon Cuthbertson, Keith Mayes, David G. 1946-2017 The exchange rate environment Foreign exchange Devisenmarkt (DE-588)4139011-8 gnd Wechselkurs (DE-588)4064921-0 gnd
subject_GND	(DE-588)4139011-8 (DE-588)4064921-0
title	The exchange rate environment
title_auth	The exchange rate environment
title_exact_search	The exchange rate environment
title_full	The exchange rate environment Simon Brooks, Keith Cuthbertson and David G. Mayes
title_fullStr	The exchange rate environment Simon Brooks, Keith Cuthbertson and David G. Mayes
title_full_unstemmed	The exchange rate environment Simon Brooks, Keith Cuthbertson and David G. Mayes
title_short	The exchange rate environment
title_sort	the exchange rate environment
topic	Foreign exchange Devisenmarkt (DE-588)4139011-8 gnd Wechselkurs (DE-588)4064921-0 gnd
topic_facet	Foreign exchange Devisenmarkt Wechselkurs
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=000326124&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT brookssimon theexchangerateenvironment AT cuthbertsonkeith theexchangerateenvironment AT mayesdavidg theexchangerateenvironment

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