Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Exchange Rate Volatility, Trade, and Capital Flows under Alternative Exchange Rate Regimes

Exchange Rate Volatility, Trade, and Capital Flows under Alternative Exchange Rate Regimes

Sercu, Piet
Uppal, Raman

Hardcover

Series: Japan-Us Center Ufj Bank Monographs on International Financi

EconomicsInvesting & FinanceGeneral Mathematics

ISBN10: 0521562945
ISBN13: 9780521562942
Publisher: Cambridge University Press
Published: Jun 19 2000
Pages: 174
Weight: 0.80
Height: 0.75 Width: 6.25 Depth: 9.29
Language: English
Recent years have seen a substantial increase in the volatility of exchange rates. This trend has prompted economists and finance analysts to question if the observed behavior of exchange rates is consistent with a rational model. Does that volatility, further, hinder trade? Professors Sercu and Uppal examine these issues in the context of dynamic general equilibrium models, explicitly considering the role of financial markets while allowing for commodity markets to be segmented across countries. They show that the implications of the theoretical model for exchange rates in this context are quite different from those put forth by monetary theorists and proponents of purchasing power parity arguments.

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