| Vorliegende Sprache |
eng |
| Hinweise auf parallele Ausgaben |
312313071 Buchausg. u.d.T.: ‡Floyd, John E.: Interest rates, exchange rates and world monetary policy |
| ISBN |
978-3-642-10279-0 |
| Name |
Floyd, John E. |
| T I T E L |
Interest Rates, Exchange Rates and World Monetary Policy |
| Verlagsort |
Berlin, Heidelberg |
| Verlag |
Springer-Verlag Berlin Heidelberg |
| Erscheinungsjahr |
2010 |
| 2010 |
| Umfang |
Online-Ressource (digital) |
| Reihe |
SpringerLink. Bücher |
| Notiz / Fußnoten |
Includes bibliographical references and index |
| Weiterer Inhalt |
Interest Rates, Exchange Rates and World Monetary Policy; Preface; Contents; 1 Introduction; Part I; 2 Speci¯cations and Assumptions; 3 Underlying Equilibrium Growth Paths; 4 Variations in Employment; 5 Some Important Implications; 6 Exchange Rate Overshooting; Part II; 7 Issues Regarding Exchange Rate Determination; 8 Time Series Properties of Observed Exchange Rate Movements; 9 Efficient Markets and Exchange Rate Forecasts; 10 The Role of Real Shocks in Determining Real Exchange Rates: The Evidence; 11 The Role of Money Supply Shocks in Determining Real Exchange Rates: The Evidence. 12Further Evidence from a Blanchard-Quah VAR AnalysisPart III; 13 The Model; 14 Monetary Policy and Exchange Rates; 15 Corroborating and Other Evidence; 16 Conclusions and Suggestions for Future Work; A Optimal Allocation of the Capital StockAmong its Alternative Forms; B Derivation of the Real Exchange Rate; C Analysis of the GG and AA Curves; D The Determination of Risk Premiums; E Analysis of the Forward Rate Equation; F Data Sources; References; Index |
| Titelhinweis |
Buchausg. u.d.T.: ‡Floyd, John E.: Interest rates, exchange rates and world monetary policy |
| ISBN |
ISBN 978-3-642-10280-6 |
| Klassifikation |
KCBM |
| BUS045000 |
| KCB |
| BUS039000 |
| *91-02 |
| 91B64 |
| 91G30 |
| 91G70 |
| 91B82 |
| 339 |
| 332.4 |
| HB172.5 |
| QM 350 |
| Kurzbeschreibung |
A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of Observed Exchange Rate Movements -- Efficient Markets and Exchange Rate Forecasts -- The Role of Real Shocks in Determining Real Exchange Rates: The Evidence -- The Role of Money Supply Shocks in Determining Real Exchange Rates: The Evidence -- Further Evidence from a Blanchard-Quah VAR Analysis -- Implications for Monetary Policy -- The Model -- Monetary Policy and Exchange Rates -- Corroborating and Other Evidence -- Conclusions and Suggestions for Future Work |
| 2. Kurzbeschreibung |
A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real exchange rates are almost entirely determined by real factors relating to growth and technology such as oil and commodity prices, international allocations of world investment across countries, and underlying terms of trade changes. Unanticipated money supply shocks, calculated in five alternative ways have virtually no effects. A Blanchard-Quah VAR analysis also indicates that the effects of real shocks predominate over monetary shocks by a wide margin. The implications of these facts for the conduct of monetary policy in countries outside the U.S. are then explored leading to the conclusion that all countries, to avoid exchange rate overshooting, have tended to automatically follow the same monetary policy as the United States. The history of world monetary policy is reviewed along with the determination of real exchange rates within the Euro Area |
| 1. Schlagwortkette |
Realer Wechselkurs |
| Wechselkursänderung |
| Schock <Wirtschaft> |
| Geldpolitik |
| Koordination |
| 1. Schlagwortkette ANZEIGE DER KETTE |
Realer Wechselkurs -- Wechselkursänderung -- Schock -- Geldpolitik -- Koordination |
| 2. Schlagwortkette |
Realer Wechselkurs |
| Wechselkursänderung |
| Schock <Wirtschaft> |
| Geldpolitik |
| Koordination |
| ANZEIGE DER KETTE |
Realer Wechselkurs -- Wechselkursänderung -- Schock -- Geldpolitik -- Koordination |
| SWB-Titel-Idn |
318560569 |
| Signatur |
Springer E-Book |
| Bemerkungen |
Elektronischer Volltext - Campuslizenz |
| Elektronische Adresse |
$uhttp://dx.doi.org/10.1007/978-3-642-10280-6 |
| Internetseite / Link |
Volltext |
| Siehe auch |
Volltext |
| Siehe auch |
Inhaltsverzeichnis |
| Siehe auch |
Kapitel 2 |
| Siehe auch |
Einführung/Vorwort |
| Siehe auch |
Cover |
| Siehe auch |
Inhaltstext |
