金融经济学exchangerateeconomics(2007).pdf

Exchange Rate Economics
Exchange Rate Economics: Theories and Evidence is the second edition of Floating Exchange
Rates: Theories and Evidence,and builds on the essful content and structure
of the previous edition,but has prehensively updated and expanded
to include additional literature on the determination of both fixed and floating
exchange rates.
Core topics covered include:
• the purchasing power parity hypothesis and the PPP puzzle;
• the ary and portfolio-balance approaches to exchange rates;
• the new open economy macroeconomics approach to exchange rates; and
• the determination of exchange rates in target zone models and speculative
attack models.
Exchange Rate Economics: Theories and Evidence also includes extensive discussion of
recent econometric work on exchange rates with a particular focus on equilibrium
exchange rates and measuring exchange rate misalignment,as well as discussion
on the non-fundamentals-based approaches to exchange rate behaviour,such as
the market microstructure approach.
The book will appeal to academics and postgraduate students with an interest
in all aspects of international finance and will also be of interest to practitioners
concerned with issues relating to equilibrium exchange rates and the forecastability
of currencies in terms of macroeconomic fundamentals.
Ronald MacDonald is the Adam Smith Professor of Political Economy,
University of Glasgow.
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Exchange Rate Economics
Theories and evidence
Ronald MacDonald
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Firstpublished2007
byRoutledge
2ParkSquare,MiltonPark,Abingdon,OxonOX144RN
SimultaneouslypublishedintheUSAandCanada
byRoutledge
270MadisonAve,NewYork,NY10016
RoutledgeisanimprintoftheTaylor&FrancisGroup,aninformabusiness
This edition published in the Taylor & Francis e-Library, 2007.
“To purchase your own copy of this or any of Taylor & Francis