eBooks - Business - Business - Giorgio Radaelli - Exchange Rate Determination and Control
Exchange Rate Determination and Control eBooks
by Giorgio Radaelli
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Windows Vista / XP / 2000, Mac OS X, Sony Reader Features
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Windows PC, Palm, Windows Mobile, Pocket PC, Symbian OS, Blackberry, iLiad, and more. Features
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Exchange Rate Determination and Control Summary
| The experiences of the Exchange Rate Mechanism of the European Community have highlighted the difficulties of exchange rate control. Exchange Rate Determination and Control investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations, drawing on the empirical evidence of the experiences of the G7 countries over the last two decades. |
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In 1992, the British pound plummeted through the floor of the European Exchange Rate Mechanism (ERM). For three full days during the Spring of 1993, speculators waged a vigorous assault on the French franc. National Banks across Europe deployed their massive reserves to maintain their currencies afloat. Some countries' currencies failed to float above the ERM; others' succeeded. With the determinants of exchange rates inducing cognitive failure in some quarters (why did the franc succeed, where the pound failed?), Italian economist Giorgio Radaelli examines lucidly the causes of the fluctuations in exchange rates. Drawing upon the recent monetary history of G7 countries, Radaelli makes some shrewd suggestions, arguing that the international co-ordination of monetary policy is essential for global, economic stability. Timely and accessible, "Exchange Rate Determination and Control" is an indispensable aid in comprehending the factors which contribute to the often enigmatic science of money and its relative value. |
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eBooks - Titles - Authors - Business - Business - Giorgio Radaelli - Exchange Rate Determination and Control