Research Catalog

Title

Exchange rate economics : where do we stand? / edited by Paul De Grauwe.

Publication

Cambridge, Mass. : MIT Press, [2005], ©2005.

Items in the Library & Off-site

Holdings

Details

Additional Authors

Grauwe, Paul de.

Description

xvi, 347 pages : illustrations; 24 cm.

Summary

"This book discusses the divergent theoretical and empirical paradigms used today for setting and predicting exchange rates; the chapters reflect current debates in the field. Some chapters base their analyses on the theoretical framework of representative and fully informed rational agents; others are grounded in the heterogeneity of agents who use different and incomplete sets of information. Still others chapters analyze empirical data to uncover the fundamental characteristics of exchange rates. Taken together, these competing analyses document the current state of exchange rate economics and point the way to a new consensus about how to predict and explain exchange rate movements."--BOOK JACKET.

Series Statement

CESifo seminar series

Uniform Title

CESifo seminar series.

Subjects

• Foreign exchange rates > Congresses
• Foreign exchange rates > Econometric models > Congresses

Note

• Selected papers from seminars hosted by CESifo, an international network of economists supported jointly by the Center for Economic Studies at Ludwig-Maximilians-Universität, Munich, and the Ifo Institute for Economic Research.

Bibliography (note)

• Includes bibliographical references and index.

Contents

1. Are different-currency assets imperfect substitutes? / Martin D. D. Evans and Richard K. Lyons -- 2. Volume and volatility in the foreign exchange market : does it matter who you are? / Geir H. Bjonnes, Dagfinn Rime and Haakon O. Aa. Solheim -- 3. A neoclassical explanation of nominal exchange rate volatility / Michael J. Moore and Maurice J. Roche -- 4. Real exchange rates and nonlinearities / Mark P. Taylor -- 5. Heterogeneity of agents and the exchange rate : a nonlinear approach / Paul De Grauwe and Marianna Grimaldi -- 6. Dynamics of endogenous business cycles and exchange rate volatility / Volker Bohm and Tomoo Kikuchi -- 7. The Euro, Eastern Europe, and black markets : the currency hypothesis / Hans-Werner Sinn and Frank Westermann -- 8. What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated / Yin-Wong Cheung, Menzie D. Chinn and Antonio Garcia Pascual -- 9. The Euro-dollar exchange rate : is it fundamental? / Mariam Camarero, Javier Ordonez and Cecilio Tamarit -- 10. Dusting off the perception of risk and returns in FOREX markets / Phornchanok J. Cumperayot.

ISBN

0262042223 (alk. paper)

LCCN

2004056463

OCLC

• ocm56096509
• SCSB-5163508

Owning Institutions

Columbia University Libraries