Exchange Rates and International Finance Markets: An Asset-Theoretic Perspective with Schumpeterian Perspective

Exchange Rates and International Finance Markets: An Asset-Theoretic Perspective with Schumpeterian Perspective

by Erich Streissler

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Overview

This book poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. In a unique approach the subject is analysed from an asset holder's perspective and Streissler takes the reader through an authoritative and wide-ranging study including:
*Friedman's case for flexible exchange rates
*interest parity and purchasing power parity
*process analysis of temporal exchange rate equilibria
*stabilization through bounded interest rates and exchange rate theory
*the problem of the neutrality of money

Product Details

ISBN-13: 9781134472673
Publisher: Taylor & Francis
Publication date: 08/27/2003
Series: Graz Schumpeter Lectures , #5
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 160
File size: 747 KB

Table of Contents

Lecture I: Fundamentals? Exchange rates in the light of Schumpeter but not of Dioletian

Lecture II: Preliminaries Friedman's case for flexible exchange rates versus random walks in theory and practice

Lecture III: Equilibria? Interest parity and purchasing power parity - which kind of equilibria?

Lecture IV: Divergence Process analysis of temporal exchange rate equilibria

Lecture V: Stabilization Further results on process equilibria and countervailing forces making for mean reversion

Lecture VI: Mere demand and supply Stabilization through bounded interest rates and exchange rate theory "Without the contrivance of macroeconomics"

Lecture VII: Non-neutrality I On the nature of money - or: The story of Anacharsis the Scythian, Part I

Lecture VIII: Non-neutrality II The story of Anacharsis the Scythian Part II

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