Description
This book poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. In a unique approach the subject is analysed from an asset holder’s perspective and Streissler takes the reader through an authoritative and wide-ranging study including: Friedman’s case for flexible exchange rates interest parity and purchasing power parity process analysis of temporal exchange rate equilibria stabilization through bounded interest rates and exchange rate theory the problem of the neutrality of money Erich Streissler’s series of lectures are cleverly presented and informative about this particularly dynamic field of research. Indispensable to advanced students and academics alike, Exchange Rates and International Financial Markets will also be of great interest to economic policy makers.
