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

Informationen zum Autor Erich Streissler Klappentext 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 Zusammenfassung In this book, Streissler poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. This is a wide-ranging study considering issues such as flexible exchange rates and interest parity. Inhaltsverzeichnis 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

Product details

• Authors: Erich Streissler, Erich (University of Vienna Streissler, Erich W. Streissler
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 14.03.2002
• EAN: 9780415277464
• ISBN: 978-0-415-27746-4
• No. of pages: 160
• Series: The Graz Schumpeter Lectures; The Graz Schumpeter Lectures
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, Economics, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Economics / Theory, Finance & accounting, Finance and accounting