MARC record from Internet Archive

LEADER: 04495cam 2200733 a 4500
001 ocm32430663
003 OCoLC
005 20200628012915.0
008 950418s1995 enka b 001 0 eng
010 $a 95017010
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050 00 $aHG3851$b.F86 1995
082 00 $a332.4/56$220
084 $a83.44$2bcl
084 $aQM 331$2rvk
245 00 $aFundamental determinants of exchange rates /$cJerome L. Stein, Polly Reynolds Allen, and associates.
260 $aOxford :$bClarendon Press ;$aNew York :$bOxford University Press,$c1995.
300 $axiii, 213 pages :$billustrations ;$c23 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
504 $aIncludes bibliographical references and index.
505 0 $aThe economic and policy implications of the NATREX approach -- The Natural Real Exchange Rate of the United States dollar, and determinants of capital flows -- The dynamics of the Real Exchange Rate and current account in a small open economy: Australia -- The Natural Real Exchange Rate between the French Franc and the Deutschmark: implications for monetary union -- The equilibrium real exchange rate : theory and evidence for Latin America -- Appendix: International finance theory and empirical reality.
520 $aExisting models fail to explain the large fluctuations in the real exchange rates of most currencies over the past twenty years. The Natural Real Exchange Rate approach (NATREX) taken here offers an alternative paradigm to those which focus on short-run movements of nominal exchange rates, purchasing power parity, or the representative agent intertemporal optimization models. Yet it is also neo-classical in its stress upon the accepted fundamentals driving a real economy. It concentrates on the real exchange rate, and explains medium-to long-run movements in equilibrium real exchange rates in terms of fundamental variables: the productivity of capital and social (public plus private) thrift at home and abroad. The authors demonstrate both the promise of the NATREX model and its applicability to economies large and small. Alongside the analysis, econometrics, and technical details of these case studies, the introductory chapter explains in accessible terms the rationale behind the approach. The mix of theory and empirical evidence makes this book relevant to academics and advanced graduate students, and to central banks, ministries of finance, and those concerned with the foreign debt of developing countries.
650 0 $aForeign exchange rates.
650 0 $aForeign exchange administration.
650 7 $aForeign exchange administration.$2fast$0(OCoLC)fst00931794
650 7 $aForeign exchange rates.$2fast$0(OCoLC)fst00931816
650 17 $aWisselkoersen.$2gtt
650 17 $aProductiviteit.$2gtt
650 17 $aSparen.$2gtt
650 7 $aMakroökonomisches Modell$2gnd
650 7 $aWechselkurs$2gnd
650 7 $aWechselkurstheorie$2gnd
650 7 $aChange$xPolitique publique.$2ram
650 7 $aTaux de change.$2ram
655 4 $aAufsatzsammlung.
700 1 $aStein, Jerome L.
700 1 $aAllen, Polly Reynolds.
776 08 $iOnline version:$tFundamental determinants of exchange rates.$dOxford : Clarendon Press ; New York : Oxford University Press, 1995$w(OCoLC)647620798
856 42 $3Publisher description$uhttp://catdir.loc.gov/catdir/enhancements/fy0637/95017010-d.html
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