ABSTRACT
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.
TABLE OF CONTENTS
part |2 pages
Part I Exchange rate volatility and persistence
chapter 1|52 pages
Net foreign assets and exchange rate dynamics: the monetary model revisited
Themonetary model revisited
chapter 4|16 pages
Sources of exchange rate fluctuations: pricing-to-market versus non-tradables JEAN-OLIVIER HAIRAULT AND THEPTHIDA SOPRASEUTH
Pricing-to-market versus non-tradables
chapter 5|28 pages
Sources of non-stationary real exchange rate fluctuations
Elements of theory and some empirical evidence
part |2 pages
Part II Exchange rate regimes and monetary policy
chapter 10|36 pages
Price setting and optimal monetary cooperation: a New Keynesian perspective
ANewKeynesian perspective
