Exchange Rate Economics Theories and Evidence

Exchange Rate Economics Theories and Evidence
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  • ISBN-13: 9780415148788
  • ISBN: 0415148782
  • Publication Date: 2007
  • Publisher: Routledge


MacDonald, Ronald


Ever since the collapse of the Bretton Woods system of fixed but adjustable exchange rates in 1973, the principal trading economies have moved to a system of floating exchange rates. The macroeconomic consequences of such a situation are many and various, and have increasingly attracted the attention of professional economists since the 1970s. MacDonald's new book draws together the now vast theoretical and empirical literature in a coherent and logical fashion, presenting in part one the principal macroeconomic models which have been developed, and in part two the empirical data supporting them. Part three then enlarges on particular themes, discussing topics such as dual exchange rates, the wage-price nexus and the behaviour of the US dollar (1980-1985). As such, it is of interest to those studying or researching in macroeconomics, international finance and international business.MacDonald, Ronald is the author of 'Exchange Rate Economics Theories and Evidence', published 2007 under ISBN 9780415148788 and ISBN 0415148782.

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