【资料名称】：Exchange Rate Economics: Where Do We Stand?
【资料作者】：Paul De Grauwe
【出版社】： The MIT Press
【简介及目录】：

Product Details

• Hardcover: 365 pages
• Publisher: The MIT Press; illustrated edition edition (February 1, 2005)
• Language: English
• ISBN-10: 0262042223

Review
"Paul De Grauwe's edited collection will be essential for students,policy-makers, and practitioners interested in understanding the stateof the art (and controversy) in modern exchange rate economics."
—Kathryn M. E. Dominguez, Professor of Economics and Public Policy, University of Michigan

Product Description
Recent theoretical developments in exchange rate economics have led toimportant new insights into the functioning of the foreign exchangemarket. The simple models of the 1970s, which could not withstandempirical evaluation, have been succeeded by more complex models thatdraw on theoretical work in such areas as the microstructure offinancial markets and open economy macroeconomics. Additionally, newand powerful econometric techniques allow researchers to subjectexchange rates to stronger empirical analysis.

This book discusses the divergent theoretical and empirical paradigmsused today for setting and predicting exchange rates; the chaptersreflect current debates in the field. Some chapters base their analyseson the theoretical framework of representative and fully informedrational agents; others are grounded in the hetereogeneity of agentswho use different and incomplete sets of information. Still otherchapters analyze empirical data to uncover the fundamentalcharacteristics of exchange rates. Taken together, these competinganalyses document the current state of exchange rate economics andpoint the way to a new consensus about how to predict and explainexchange rate movements.

Table of Contents