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Wednesday, 11 March 2009
Exchange Rate Regimes in the Modern Era
Author: Michael W. Klein Edition: Publisher: The MIT Press Binding: Paperback ISBN: 026251799X Price: You Save: 30%
Exchange Rate Regimes in the Modern Era
The exchange rate is sometimes called the most important price in a highly globalized world.Exchange Rate Regimes in the Modern Era review. A country's choice of its exchange rate regime, between government-managed fixed rates and market-determined floating rates has significant implications for monetary policy, trade, and macroeconomic outcomes, and is the subject of both academic and policy debate. In this book, two leading economists examine the operation and consequences of exchange rate regimes in an era of increasing international interdependence.
Michael Klein and Jay Shambaugh focus on the evolution of exchange rate regimes in the modern era, the period since 1973, which followed the Bretton Woods era of 1945--72 and the pre-World War I gold standard era. Klein and Shambaugh offer a comprehensive, integrated treatment of the characteristics of exchange rate regimes and their effectsRead full reviews of Exchange Rate Regimes in the Modern Era.
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Exchange Rate Regimes in the Modern Era - Michael W. Klein
Review "In the aftermath of the global financial crisis, our need for adeeper understanding of the causes and consequences of international monetary andfinancial arrangements is clearer then ever. Exchange rate regimes in the modern erahave shaped trade patterns, capital flows, reserve accumulation, monetary policies,inflation rates, and many other facets of the world economy, including the crisisitself. Klein and Shambaugh masterfully lay out the theories behind these mechanismsand expose their practical import with clear and arresting evidence in a book thatis required reading for anyone int
Store Search search Title, ISBN and Author Exchange Rate Regimes in the Modern Era by Michael W. Klein, Jay C. Shambaugh Estimated delivery 3-12 business days Format Paperback Condition Brand New An analysis of the operation and consequences of exchange rate regimes in an era of increasing international interdependence. Publisher Description The exchange rate is sometimes called the most important price in a highly globalized world. A country s choice of its exchange rate regime, between govern
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A country's choice of its exchange rate regime, between government-managed fixed rates and market-determined floating rates has significant implications for monetary policy, trade, and macroeconomic outcomes, and is the subject of both academic and policy debate. In this book, two leading economists examine the operation and consequences of exchange rate regimes in an era of increasing international interdependence.
Michael Klein and Jay Shambaugh focus on the evolution of exchange rate regimes in the modern era, the period since 1973, which followed the Bretton Woods era of 1945--72 and the pre-World War I gold standard era. Klein and Shambaugh offer a comprehensive, integrated treatment of the characteristics of exchange rate regimes and their effects. The book draws on and synthesizes data from the recent wave of empirical research on this topic, and includes new findings that challenge preconceived notions.
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