Exchange rates, capital flows and policy / / edited by Rebecca Driver, Peter Sinclair and Christoph Thoenissen

• Record Nr.: UNINA9910812668903321
• Pubbl/distr/stampa: London ; ; New York : , : Routledge, , 2005
• ISBN: 1-134-26197-7; 1-134-26198-5; 1-280-17502-8; 9786610175024; 0-203-17195-0
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (436 p.)
• Collana: Routledge International Studies in Money and Banking ; ; 30
• Altri autori (Persone): SinclairP. J. N; DriverRebecca; ThoenissenC
• Disciplina: 332.4/56
• Soggetti: Foreign exchange rates; Monetary policy; Capital movements
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover; Exchange Rates, Capital Flows and Policy; Title Page; Copyright Page; Table of Contents; List of contributors; Foreword; 1 Introduction; 2 Can emerging markets float? Should they inflation target?; 3 Exchange rates, inflation and monetary policy objectives in open economies: the experience of Chile; 4 The expenditure switching effect and the choice between fixed and floating exchange rates; 5 Economic shocks and the choice of currency area: the case of Argentina, 1991-2002; 6 Concepts of equilibrium exchange rates; 7 Fundamental equilibrium exchange rates and currency boards: evidence from Argentina and Estonia in the 1990s8 Revisiting the border: an assessment of the law of one price using very disaggregated consumer price data; 9 An asset market integration test based on observable macroeconomic stochastic discount factors; 10 Real exchange rates, current accounts and the net foreign asset position; 11 The macroeconomics of international financial trade; 12 External ; adjustment and debt sustainability; 13 What type of country restricts international capital movements?; 14 An empirical analysis of the ""impossible trinity"": an East Asian perspective15 Sterilized intervention and monetary control: the case of Korea; 16 Intervention in the foreign exchange market in a model withnoise traders; 17 Exchange rates, capital flows and policy: some concluding observations; Index
• Sommario/riassunto: Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.