Exchange Rates and International Finance Markets: An Asset-Theoretic Perspective with Schumpeterian Perspective [Hardcover]

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 moneyIn this book, Streissler poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. This is a wide-ranging study considering issues such as flexible exchange rates and interest parity.Lecture I: Fundamentals? Exchange rates in the light of Schumpeter but not of Dioletian Lecture II: Preliminaries Friedman's case for flexible exchange rates versus random walks in theory and practice Lecture III: Equilibria? Interest parity and purchasing power parity - which kind of equilibria? Lecture IV: Divergence Process analysis of temporal exchange rate equilibria Lecture V: Stabilization Further results on process equilibria and countervailing forces making for mean reversion Lecture VI: Mere demand and supply Stabilization through bounded interest rates and exchange rate theory Without the contrivance of macroeconomics Lecture VII: Non-neutrality I On the nature of money - or: The story of Anacharsis the Scythian, Part I Lecture VIII: Non-neutrality II The story of Anacharsis the Scythian Part IIUS? 2002 Erich W. Streissler