Interest rates, exchange rates and world monetary policy:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Berlin [u.a.]
Springer
2010
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 404 S. graph. Darst. |
| ISBN: | 9783642102790 9783642424540 |
Staff View
MARC
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| 100 | 1 | |a Floyd, John E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Interest rates, exchange rates and world monetary policy |c John E. Floyd |
| 264 | 1 | |a Berlin [u.a.] |b Springer |c 2010 | |
| 300 | |a XII, 404 S. |b graph. Darst. | ||
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| 650 | 4 | |a Foreign exchange rates | |
| 650 | 4 | |a Interest rates | |
| 650 | 4 | |a Monetary policy | |
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| 650 | 0 | 7 | |a Koordination |0 (DE-588)4032393-6 |2 gnd |9 rswk-swf |
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Record in the Search Index
| _version_ | 1804140812697600000 |
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| adam_text | CONTENTS 1 INTRODUCTION 1 PART I A THEORETICAL FRAMEWORK 2
SPECIFICATIONS AND ASSUMPTIONS 11 3 UNDERLYING EQUILIBRIUM GROWTH PATHS
15 3.1 AGGREGATE PRODUCTION AND INCOME 15 3.2 INTERTEMPORAL
OPTIMIZATION: THE EQUILIBRIUM GROWTH RATE 17 3.3 A DIGRESSION ON
POPULATION GROWTH 22 3.4 MONEY AND OUTPUT 24 3.5 TWO COUNTRIES 30 3.5.1
THE REAL EXCHANGE RATE 36 4 VARIATIONS IN EMPLOYMENT 41 4.1 EQUILIBRIUM
IN ASSET AND OUTPUT-FLOW MARKETS: CLOSED ECONOMY 42 4.1.1 MONETARY AND
REAL SHOCKS 45 4.1.2 MONETARY AND FISCAL POLICY 50 4.2 SMALL OPEN
ECONOMY EQUILIBRIUM 53 4.3 WORLD EQUILIBRIUM WITH TWO BIG COUNTRIES 58
4.4 EQUILIBRIUM IN COMMON CURRENCY AREAS 67 4.5 MORE ON THE
DETERMINATION OF RISK PREMIUMS 68 5 SOME IMPORTANT IMPLICATIONS 71 5.1
THE REAL EXCHANGE RATE AND THE CURRENT AND CAPITAL ACCOUNTS 71
BIBLIOGRAFISCHE INFORMATIONEN HTTP://D-NB.INFO/997433256 DIGITALISIERT
DURCH X CONTENTS 5.2 BALANCE OF PAYMENTS DISEQUILIBRIA AND THE CURRENT
ACCOUNT 76 5.3 MONETARY POLICY AND INTEREST RATES 79 6 EXCHANGE RATE
OVERSHOOTING 87 6.1 THE BASIS FOR OVERSHOOTING 87 6.2 TWO AVENUES TO
EQUILIBRIUM 89 6.3 WILL OVERSHOOTING IN FACT OCCUR? 93 PART II EXCHANGE
RATE DETERMINATION 7 ISSUES REGARDING EXCHANGE RATE DETERMINATION 99 7.1
GENERAL EQUILIBRIUM ISSUES 99 7.2 EXCHANGE RATE DETERMINATION UNDER
LESS-THAN- FULL-EMPLOYMENT CONDITIONS 106 7.3 EXCHANGE RATES AS ASSET
PRICES 108 8 TIME SERIES PROPERTIES OF OBSERVED EXCHANGE RATE MOVEMENTS
113 8.1 STATIONARITY VS. NON-STATIONARITY OF TIME SERIES 117 8.2 TESTING
FOR STATIONARITY 121 8.3 SOME STATIONARITY TESTS 123 9 EFFICIENT MARKETS
AND EXCHANGE RATE FORECASTS 131 9.1 COVERED INTEREST PARITY 133 9.2
UNCOVERED INTEREST PARITY 137 10 THE ROLE OF REAL SHOCKS IN DETERMINING
REAL EXCHANGE RATES: THE EVIDENCE 157 10.1 CANADA VS. UNITED STATES 158
10.2 UNITED KINGDOM VS. UNITED STATES 171 10.3 JAPAN VS. UNITED STATES
179 10.4 FRANCE VS. UNITED STATES 188 10.5 GERMANY VS. UNITED STATES 197
10.6 CONCLUSIONS 208 11 THE ROLE OF MONEY SUPPLY SHOCKS IN DETERMINING
REAL EXCHANGE RATES: THE EVIDENCE 209 11. CONTENTS XI 11.4 FRANCE VS.
UNITED STATES 235 11.5 GERMANY VS. UNITED STATES 241 11.6 CONCLUSIONS
245 12 FURTHER EVIDENCE FROM A BLANCHARD-QUAH VAR ANALYSIS 251 12.1
VECTOR AUTOREGRESSION ANALYSIS 251 12.2 THE BLANCHARD-QUAH DECOMPOSITION
255 12.3 THE RESULTS 256 PART III IMPLICATIONS FOR MONETARY POLICY 13
THE MODEL 269 13.1 BASIC EQUATIONS AND DIAGRAMS 269 13.2 CONSOLIDATED
FOUR-EQUATION SYSTEM 278 13.2.1 FLEXIBLE PRICE LEVELS: FULL-EMPLOYMENT
278 13.2.2 FIXED PRICE LEVELS 279 13.3 FORMAL EQUILIBRIUM CONDITIONS 281
13.3.1 REST-OF-WORLD EQUILIBRIUM 281 13.3.2 DOMESTIC EQUILIBRIUM WITH A
FLEXIBLE EXCHANGE RATE 282 13.3.3 DOMESTIC EQUILIBRIUM WITH A FIXED
EXCHANGE RATE 283 13.4 RESPONSE OF THE DOMESTIC ECONOMY TO DOMESTIC AND
FOREIGN SHOCKS 284 14 MONETARY POLICY AND EXCHANGE RATES 289 14.1 LARGE
VS. SMALL OPEN ECONOMIES 289 14.2 FIXED VS. FLEXIBLE EXCHANGE RATES 291
14.3 IMPLICATIONS FOR THE WORLD MONETARY SYSTEM 299 14.3.1 FOREIGN
EXCHANGE CRISES 300 14.3.2 EXCHANGE RATE TARGET ZONES 301 14.3.3
CURRENCY UNIONS 305 15 CORROBORATING AND OTHER EVIDENCE 307 15.1 THE
HISTORICAL EVIDENCE REGARDING REAL EXCHANGE RATES 308 15.2 INTERNATIONAL
TRANSMISSION OF BUSINESS CYCLES AND INFLATION EPISODES 327 15. XII
CONTENTS 16 CONCLUSIONS AND SUGGESTIONS FOR FUTURE WORK 359 16.1
CONCLUSIONS 359 16.2 SUGGESTIONS FOR FUTURE WORK 363 A OPTIMAL
ALLOCATION OF THE CAPITAL STOCK AMONG ITS ALTERNATIVE FORMS 365 *
DERIVATION OF THE REAL EXCHANGE RATE 367 C ANALYSIS OF THE GG AND AA
CURVES 369 D THE DETERMINATION OF RISK PREMIUMS 377 E ANALYSIS OF THE
FORWARD RATE EQUATION 381 F DATA SOURCES 383 F.I ANNUAL DATA 383 F.2
QUARTERLY DATA 384 F.3 MONTHLY DATA 385 REFERENCES 387 INDEX 393
|
| any_adam_object | 1 |
| author | Floyd, John E. |
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| dewey-ones | 332 - Financial economics |
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| dewey-search | 332.4 332.456 |
| dewey-sort | 3332.4 |
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| isbn | 9783642102790 9783642424540 |
| language | English |
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| physical | XII, 404 S. graph. Darst. |
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| spelling | Floyd, John E. Verfasser aut Interest rates, exchange rates and world monetary policy John E. Floyd Berlin [u.a.] Springer 2010 XII, 404 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Foreign exchange rates Interest rates Monetary policy Geldpolitik (DE-588)4019902-2 gnd rswk-swf Wechselkursänderung (DE-588)4129405-1 gnd rswk-swf Koordination (DE-588)4032393-6 gnd rswk-swf Realer Wechselkurs (DE-588)4129422-1 gnd rswk-swf Schock Wirtschaft (DE-588)4322439-8 gnd rswk-swf Realer Wechselkurs (DE-588)4129422-1 s Wechselkursänderung (DE-588)4129405-1 s Schock Wirtschaft (DE-588)4322439-8 s Geldpolitik (DE-588)4019902-2 s Koordination (DE-588)4032393-6 s b DE-604 Erscheint auch als Online-Ausgabe 978-3-642-10280-6 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018701755&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Floyd, John E. Interest rates, exchange rates and world monetary policy Foreign exchange rates Interest rates Monetary policy Geldpolitik (DE-588)4019902-2 gnd Wechselkursänderung (DE-588)4129405-1 gnd Koordination (DE-588)4032393-6 gnd Realer Wechselkurs (DE-588)4129422-1 gnd Schock Wirtschaft (DE-588)4322439-8 gnd |
| subject_GND | (DE-588)4019902-2 (DE-588)4129405-1 (DE-588)4032393-6 (DE-588)4129422-1 (DE-588)4322439-8 |
| title | Interest rates, exchange rates and world monetary policy |
| title_auth | Interest rates, exchange rates and world monetary policy |
| title_exact_search | Interest rates, exchange rates and world monetary policy |
| title_full | Interest rates, exchange rates and world monetary policy John E. Floyd |
| title_fullStr | Interest rates, exchange rates and world monetary policy John E. Floyd |
| title_full_unstemmed | Interest rates, exchange rates and world monetary policy John E. Floyd |
| title_short | Interest rates, exchange rates and world monetary policy |
| title_sort | interest rates exchange rates and world monetary policy |
| topic | Foreign exchange rates Interest rates Monetary policy Geldpolitik (DE-588)4019902-2 gnd Wechselkursänderung (DE-588)4129405-1 gnd Koordination (DE-588)4032393-6 gnd Realer Wechselkurs (DE-588)4129422-1 gnd Schock Wirtschaft (DE-588)4322439-8 gnd |
| topic_facet | Foreign exchange rates Interest rates Monetary policy Geldpolitik Wechselkursänderung Koordination Realer Wechselkurs Schock Wirtschaft |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018701755&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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