The Economics of Exchange Rates (Collected Works of Harry Johnson)

The Economics of Exchange Rates (Collected Works of Harry Johnson)

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The studies in this book deal with the determination of foreign exchange rates and the characteristics of the foreign exchange market. Analysis is made of flexible exchange rates through an approach developed by the authors, called the a€˜asset-market approacha€™. Theory is combined with practical application in a clear concise way that will be understood by readers with a basic understanding of economics.ALAN C. STOCKMAN University of California, Los Angeles INTRODUCTION Foreign exchange risk plays an important role in international monetary economics, yet it is rarely defined in a precise manner so that its consequences can beanbsp;...

Title:The Economics of Exchange Rates (Collected Works of Harry Johnson)
Author: Jacob A. Frenkel, Harry G. Johnson
Publisher:Routledge - 2013-07-18

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