International Macroeconomics

International Macroeconomics
ISBN-10
0312126581
ISBN-13
9780312126582
Series
International Macroeconomics
Category
Business & Economics
Pages
271
Language
English
Published
1995
Publisher
Palgrave Macmillan
Authors
Ronald MacDonald, Frederick Van der Ploeg, Emmanuel Pikoulakis

Description

This new text provides a systematic and comprehensive international treatment of the asset approach to the exchange rate and the current account of the balance of payments. It includes an analysis of macroeconomic adjustments under fixed, floating and managed exchange rates and it compares the stabilisation properties of each exchange rate regime in the case where economies are subjected to random shocks and price adjustments and are characterized by inertia. It highlights the issues that arise from international coordination of policies and provides a comprehensive survey of the empirical evidence on exchange rate economics.

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