This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend and the chapters are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.

A lucid and relatively easy to comprehend survey of theories of exchange rate behaviour.
Reviews
'... provides an extremely well written and complete overview of exchange rates and exchange rate models ... an excellent work of reference.' Economic Journal



Book Information
ISBN 9780521466004
Author Peter Isard
Format Paperback
Page Count 292
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 430g
Dimensions(mm) 229mm * 152mm * 17mm