ABSTRACT
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.
TABLE OF CONTENTS
chapter 3|19 pages
Exchange rates, inflation and monetary policy objectives in open economies
The experience of Chile
chapter 5|21 pages
Economic shocks and the choice of currency area
The case of Argentina, 1991–2002
*
chapter 7|38 pages
Fundamental equilibrium exchange rates and currency boards
Evidence from Argentina and Estonia in the 1990s
chapter 8|17 pages
Revisiting the border
An assessment of the law of one price using very disaggregated consumer price data
