The Economics of Exchange Rates

Business & Finance, Economics, Macroeconomics, International
Cover of the book The Economics of Exchange Rates by Lucio Sarno, Mark P. Taylor, Cambridge University Press
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Author: Lucio Sarno, Mark P. Taylor ISBN: 9781107713178
Publisher: Cambridge University Press Publication: January 9, 2003
Imprint: Cambridge University Press Language: English
Author: Lucio Sarno, Mark P. Taylor
ISBN: 9781107713178
Publisher: Cambridge University Press
Publication: January 9, 2003
Imprint: Cambridge University Press
Language: English

In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.

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In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.

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