Exchange rates and global financial policies

Grauwe, Paul de.

Exchange rates and global financial policies [electronic resource] / Paul De Grauwe. - Singapore ; River Edge, N.J. : World Scientific Pub. Co., c2014. - 1 online resource (xxi, 562 p.) : ill. (some col.)

Includes bibliographical references and index.

pt. I. Exchange rate economics. 1. Chaos in the Dornbusch model of the exchange rate / Paul De Grauwe and Hans Dewachter -- 2. Heterogeneity of agents, transactions costs and the exchange rate / Paul De Grauwe and Marianna Grimaldi -- 3. Exchange rate puzzles: A tale of switching attractors / Paul De Grauwe and Marianna Grimaldi -- 4. Exchange rates in search of fundamentals: The case of the euro-dollar rate / Paul De Grauwe -- 5. Exchange rates and fundamentals: A non-linear relationship? / Paul De Grauwe and Isabel Vansteenkiste -- 6. The impact of FX central bank intervention in a noise trading framework / Michel Beine, Paul De Grauwe and Marianna Grimaldi -- pt. II. Monetary integration. 7. Conditions for monetary integration: A geometric interpretation / Paul De Grauwe -- 8. Is Europe an optimum currency area? Evidence from regional data / Paul De Grauwe and Wim Vanhaverbeke -- 9. Setting conversion rates for the third stage of EMU / Paul De Grauwe and Luigi Spaventa -- 10. The euro and financial crises / Paul De Grauwe -- 11. What have we learnt about monetary integration since the Maastricht treaty? / Paul De Grauwe -- 12. The governance of a fragile eurozone / Paul De Grauwe -- 13. Do asymmetries matter for European monetary policy? / Yunus Aksoy, Paul De Grauwe and Hans Dewachter -- pt. III. Macroeconomics and monetary policy. 14. Is inflation always and everywhere a monetary phenomenon? / Paul De Grauwe and Magdalena Polan -- 15. Monetary policy and the real economy / Paul De Grauwe and Claudia Costa Storti -- 16. Lessons from the banking crisis: A return to narrow banking / Paul De Grauwe -- 17. The scientific foundation of dynamic stochastic general equilibrium (DSGE) models / Paul De Grauwe -- 18. Animal spirits and monetary policy / Paul De Grauwe -- 19. Booms and busts in economic activity: A behavioral explanation / Paul De Grauwe.

The book covers problems relating to international macroeconomics and international finance. The first part develops new approaches to exchange rate modeling. The second part is a collection of papers on the theory and empirical analysis of monetary unions. The third part contains criticism of the mainstream macroeconomic models and proposes alternative modeling approaches.


Electronic reproduction.
Singapore :
World Scientific Publishing Co.,
2014.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

9789814513197


Foreign exchange rates.
Monetary policy.
International finance.


Electronic books.

HG3851 / .G6926 2014

332.4/5