Exchange Rate Dynamics: A New Open Economy Macroeconomics Perspectives (routledge International Studies In Money And Banking)

This book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and provides a coherent and modern framework for thinking about exchange rate dynamics. With Contributions From An International Array Of Thinkers, This Book Shall Interest Both Students And Researchers Involved With Macroeconomics, Money And Banking, As Well As All Those Interested In International Finance, Including Financial Institutions--book Jacket. Net Foreign Assets And Exchange Rate Dynamics : The Monetary Model Revisited / Michele Cavallo And Fabio Ghironi -- Dornbusch Revisited / Jean-olivier Hairault, Lisa Patureau And Thepthida Sopraseuth -- Nominal Wage Rigidities In An Optimizing Model Of An Open Economy / Steve Ambler And Emmanuel Hakizimana -- Sources Of Exchange Rate Fluctuations : Pricing-to-market Versus Non-tradables / Jean-olivier Hairault And Thepthida Sopraseuth -- Sources Of Non-stationary Real Exchange Rate Fluctuations : Elements Of Theory And Some Empirical Evidence / Philippe Andrade -- Beliefs-based Exchange Rate Dynamics / Fabrice Collard And Patrick Fève -- Exchange Rate Regimes And International Business Cycles : Some Stylized Facts / Thepthida Sopraseuth -- A Quantitative Analysis Of Currency Regimes / Luca Dedola And Sylvain Leduc -- Commitment, Discretion And Fixed Exchange Rates In An Open Economy / Tommaso Monacelli -- Price Setting And Optimal Monetary Cooperation : A New Keynesian Perspective / Matthieu Darracq-pariès. Edited By Jean-olivier Hairault And Thepthida Sopraseuth. Includes Bibliographical References (p. [284]-293) And Index. Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 12 List of tables......Page 14 List of contributors......Page 15 Preface......Page 16 Acknowledgments......Page 22 Exchange rate volatility and persistence......Page 24 Net foreign assets and exchange rate dynamics: the monetary model revisited......Page 26 Dornbusch revisited......Page 78 Nominal wage rigidities in an optimizing model of an open economy......Page 107 Sources of exchange rate fluctuations: pricing-to-market versus non-tradables......Page 129 Sources of non-stationary real exchange rate fluctuations: elements of theory and some empirical evidence......Page 145 Beliefs-based exchange rate dynamics......Page 173 Exchange rate regimes and monetary policy......Page 202 Exchange rate regimes and international business cycles: some stylized facts......Page 204 A quantitative analysis of currency regimes......Page 227 Commitment, discretion and fixed exchange rates in an open economy......Page 247 Price setting and optimal monetary cooperation: a New Keynesian perspective......Page 271 Bibliography......Page 307 Index......Page 318 Economics, Finance, Business & Industry Book Cover 1 Title 4 Contents 5 List of figures 12 List of tables 14 List of contributors 15 Preface 16 Acknowledgments 22 Exchange rate volatility and persistence 24 Net foreign assets and exchange rate dynamics: the monetary model revisited 26 Dornbusch revisited 78 Nominal wage rigidities in an optimizing model of an open economy 107 Sources of exchange rate fluctuations: pricing-to-market versus non-tradables 129 Sources of non-stationary real exchange rate fluctuations: elements of theory and some empirical evidence 145 Beliefs-based exchange rate dynamics 173 Exchange rate regimes and monetary policy 202 Exchange rate regimes and international business cycles: some stylized facts 204 A quantitative analysis of currency regimes 227 Commitment, discretion and fixed exchange rates in an open economy 247 Price setting and optimal monetary cooperation: a New Keynesian perspective 271 Bibliography 307 Index 318 This important new book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and aims at providing a coherent and modern framework for thinking about exchange rate dynamics. With a wide range of contributions, this book is likely to be welcomed by the macroeconomics and financial community.