Exchange rate determination and adjustment:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
Praeger
1982
|
| Series: | Praeger studies in international monetary economics and finance
Praeger special studies / Praeger scientific |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 276 S. graph. Darst. |
| ISBN: | 0030590086 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Titel: EXCHANGE RATE DETERMINATION AND ADJUSTMENT
Autor: Bhandari, Jagdeep S
Jahr: 1982
CONTENTS
FOREWORD by Sykes Wilford and J. Richard Zecher v
ACKNOWLEDGMENTS vii
Chapter
1 AN AGENDA 1
Note 4
References 4
2 SIMPLE MODELS OF EXCHANGE RATE DYNAMICS 7
The Dornbusch Model 7
Solution ofthe Model 10
Comparative Dynamics from the Steady State 19
Other Expectational Schemes 25
Optimal Policies 38
Notes 40
References 41
3 EXCHANGE RATE OVERSHOOTING REVISITED 43
The Framework 44
Monetary Expansion: The Anatomy of Overshooting 46
Dynamics and Perfect Foresight 50
Conclusion 51
Notes 52
References 52
4 AN ALTERNATIVE THEORY OF EXCHANGE 53
RATE DYNAMICS
The Model 54
Some Comparative Statistics 58
Dynamics and Perfect Foresight 62
Conclusion 63
Notes 64
References 64
5 INCOME, PRICE, AND EXCHANGE RATE
ADJUSTMENT 67
The Dornbusch Variable-Income Framework 68
An Alternative Framework for Income Adjustment 71
Notes 85
Reference 85
6 ANNOUNCEMENT EFFECTS 87
Anticipated Shocks 87
Note 99
Reference 99
7 ALTERNATIVE MONETARY POLICIES IN AN
INFLATIONARY EQUILIBRIUM MODEL OF THE
OPEN ECONOMY 101
The Model 103
The Steady State 106
Short-Run Response to Alternative Policies 107
Some Other Issues 114
Conclusion 116
Notes 117
References 117
8 EXCHANGE RATE DYNAMICS IN LARGE OPEN
ECONOMIES 119
Setup of the Model 120
Instantaneous and Equilibrium Solutions 126
Dynamics and Stability 130
Adjustment following a Monetary Disturbance Originating 134
in One Country
. Policy Implications 140
Conclusion 142
Notes 143
References 144
9 TOWARD A MULTI-COUNTRY MODEL OF
EXCHANGE RATE DETERMINATION 147
Setup of the Model 148
An Increase in Nominal Money in One Country 153
Conclusion 158
Notes 158
References 159
10 A DYNAMIC MODEL OF ENTREPÖT TRADE 161
Introduction 161
The Analytical Framework 163
Implications of an Unexpected Increase in the World Price
ofthe Imported Input 168
Oil Price Denominated in Domestic Currency 178
Perfect Foresight 180
Conclusion 186
Appendix to Chapter 10 188
Notes 190
References 192
11 INTERMEDIATE IMPORTS, THE CURRENT
ACCOUNT, AND FLEXIBLE EXCHANGE RATES:
A DYNAMIC GENERAL EQUILIBRIUM MODEL 195
The Analytical Framework 196
Impact Effects of an Increase in the Input Price 199
Transitional Dynamics and the Steady State 203
Conclusion 209
Appendix to Chapter 11 209
Notes 213
References 213
12 EXCHANGE RATE AND PRICE LEVEL DYNAMICS
IN A SIMPLE MONETARY MODEL
MICHAEL MUSSA 215
The Equilibrium Exchange Rate and Price Level 217
The Dynamics of Equilibrium 220
Sticky Prices and Disequilibrium Dynamics 225
The Response to an Expected Future Increase in the Money
Supply 228
Implications and Conclusions 232
Notes 236
References 238
13 A STOCHASTIC GENERAL EQUILIBRIUM MODEL
OF THE OPEN ECONOMY UNDER CONTROLLED
FLOATING 241
Introduction 241
The Model 242
The Rational Expectations Solution 244
The Nature of the Solution of the Optimal Intervention
Policy 256
Conclusion 269
Appendix to Chapter 13 271
Notes 274
References 276
ABOUT THE AUTHOR 277
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| indexdate | 2024-07-09T15:08:00Z |
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| isbn | 0030590086 |
| language | English |
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| physical | XII, 276 S. graph. Darst. |
| publishDate | 1982 |
| publishDateSearch | 1982 |
| publishDateSort | 1982 |
| publisher | Praeger |
| record_format | marc |
| series2 | Praeger studies in international monetary economics and finance Praeger special studies / Praeger scientific |
| spelling | Bhandari, Jagdeep S. Verfasser (DE-588)118103385 aut Exchange rate determination and adjustment Jagdeep S. Bhandari New York, NY Praeger 1982 XII, 276 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Praeger studies in international monetary economics and finance Praeger special studies / Praeger scientific Change - Modèles mathématiques Mathematisches Modell Foreign exchange Mathematical models Wechselkurs (DE-588)4064921-0 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Wirtschaftsmodell (DE-588)4079348-5 gnd rswk-swf Wechselkurs (DE-588)4064921-0 s Wirtschaftsmodell (DE-588)4079348-5 s DE-604 Mathematisches Modell (DE-588)4114528-8 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=000027031&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Bhandari, Jagdeep S. Exchange rate determination and adjustment Change - Modèles mathématiques Mathematisches Modell Foreign exchange Mathematical models Wechselkurs (DE-588)4064921-0 gnd Mathematisches Modell (DE-588)4114528-8 gnd Wirtschaftsmodell (DE-588)4079348-5 gnd |
| subject_GND | (DE-588)4064921-0 (DE-588)4114528-8 (DE-588)4079348-5 |
| title | Exchange rate determination and adjustment |
| title_auth | Exchange rate determination and adjustment |
| title_exact_search | Exchange rate determination and adjustment |
| title_full | Exchange rate determination and adjustment Jagdeep S. Bhandari |
| title_fullStr | Exchange rate determination and adjustment Jagdeep S. Bhandari |
| title_full_unstemmed | Exchange rate determination and adjustment Jagdeep S. Bhandari |
| title_short | Exchange rate determination and adjustment |
| title_sort | exchange rate determination and adjustment |
| topic | Change - Modèles mathématiques Mathematisches Modell Foreign exchange Mathematical models Wechselkurs (DE-588)4064921-0 gnd Mathematisches Modell (DE-588)4114528-8 gnd Wirtschaftsmodell (DE-588)4079348-5 gnd |
| topic_facet | Change - Modèles mathématiques Mathematisches Modell Foreign exchange Mathematical models Wechselkurs Wirtschaftsmodell |
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