Book Cover; Title; Copyright; Contents; Lecture I Fundamentals?; Lecture II Preliminaries; Lecture III Equilibria?; Lecture IV Divergence; Lecture V Stabilization; Lecture VI Mere demand and supply; Lecture VII Non-neutrality; Index
Summary
Annotation 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
