Interest Rates, Exchange Rates and World Monetary Policy High quality books
Interest Rates, Exchange Rates and World Monetary Policy
By:John E. Floyd
Published on 2009-12-04 by Springer Science & Business Media
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.
This Book was ranked at 34 by Google Books for keyword Monetary.
Book ID of Interest Rates, Exchange Rates and World Monetary Policy's Books is yej1K0wMTagC, Book which was written byJohn E. Floydhave ETAG "3M19BjW7OZQ"
Book which was published by Springer Science & Business Media since 2009-12-04 have ISBNs, ISBN 13 Code is 9783642102806 and ISBN 10 Code is 3642102808
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "404 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is false
Book Preview
Comments
Post a Comment