| Description |
1 online resource (ix, 528 pages) : illustrations |
| Series |
A National Bureau of Economic Research conference report |
|
Conference report (National Bureau of Economic Research)
|
| Contents |
The theory of exchange rate determination / Michael Mussa -- Exchange rate policy after a decade of "floating" / William H. Branson -- International interest rate and price level linkages under flexible exchange rates: a review of recent evidence / Robert E. Cumby, Maurice Obstfeld -- Properties of innovations in spot and forward exchange rates and the role of money supply processes / Hans Genberg -- Exchange rate dynamics / John F.O. Bilson -- International portfolio diversification: short-term financial assets and gold / Jorge Braga de Macedo, Jeffrey A. Goldstein, David M. Meerschwam -- Tests of monetary and portfolio balance models of exchange rate determination / Jeffrey A. Frankel -- The international role of the dollar: theory and prospect / Paul Krugman -- Real Exchange rates in the 1970s / Louka t. Katseli -- The real exchange rate, the current account, and the speed of adjustment / Francesco Giavazzi, Charles Wyplosz -- Exchange market intervention operations: their role in financial policy and their effects / Dale W. Henderson -- Exchange rate unions as an alternative to flexible rates: the effects of real and monetary disturbances / Richard C. Marston -- Multilateral exchange rate determination: a model for the analysis of the European monetary system / Giorgio Basevi, Michele Calzolari -- Effects of United States monetary restraint on the DM/$ exchange rate and the German economy / Jacques R. Artus -- The relationship between exchange rate policy and monetary policy in ten industrial countries / Stanley W. Black |
| Summary |
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System |
| Notes |
Papers presented at a conference held in Jan. 1982 at the Rockefeller Foundation's Bellagio Conference Center on Lake Como in northern Italy, and sponsored by the National Bureau of Economic Research |
|
Reprint. Originally published: 1984 |
| Bibliography |
Includes bibliographical references and indexes |
| Notes |
Print version record |
| Subject |
Foreign exchange -- Congresses
|
|
Foreign exchange.
|
| Genre/Form |
Conference papers and proceedings.
|
| Form |
Electronic book
|
| Author |
Bilson, John F. O
|
|
Marston, Richard C
|
|
National Bureau of Economic Research.
|
| ISBN |
0226050998 |
|
9780226050997 |
|
