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Exchange Rate Economics : Selected Essays. R.マクドナルド著 為替相場の経済学
・ISBN 978-1-84376-198-3 hard GB£ 144.00
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| 著者・編者 | MacDonald, Ronald, |
|---|---|
| 出版社 | (E. Elgar, UK) |
| 出版年月 | 2009 |
| ページ数 | xii, 405 pp. |
| 言語 | ENG |
| ニュース番号 | <574-306> |
解説
Each of the highly focused chapters discusses the important issues that his research has pursued in this area. The papers are organised under four headings: monetary fundamentals and exchange rate forecasting; equilibrium exchange rate; expectations formation news and risk; and the economics of fixed exchange rates and credibility issues. Among the key findings, Ronald MacDonald concludes that it is possible to successfully forecast currencies in an out of sample context using macroeconomic fundamentals. Additionally, from a practitioner's perspective, well-founded and useful measures of an equilibrium exchange rate can be calculated once violations of the purchasing power parity concept are recognised.
This essential book contains a number of academic orientated papers that postgraduate students and academics will find invaluable for their research. Practitioners in the financial sector will also be extremely interested in the chapters on exchange rate forecasting and issues relating to equilibrium exchange rates.