Streissler Exchange Rates and International Finance Markets

An Asset-Theoretic Perspective with Schumpeterian Perspective
Erscheinungsjahr 2003
ISBN: 978-1-134-47268-0
Verlag: CRC Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 160 Seiten

Reihe: The Graz Schumpeter Lectures

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

Autoren/Hrsg.

Streissler, Erich

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

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