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El. knyga: Exchange Rates and Global Financial Policies [World Scientific e-book]

(London School Of Economics, Uk)
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The book covers problems relating to international macroeconomics and international finance. The first part develops new approaches to exchange rate modeling. The second part is a collection of papers on the theory and empirical analysis of monetary unions. The third part contains criticism of the mainstream macroeconomic models and proposes alternative modeling approaches --

The book covers problems relating to international macroeconomics and international finance. The first part develops new approaches to exchange rate modeling. The second part is a collection of papers on the theory and empirical analysis of monetary unions. The third part contains criticism of the mainstream macroeconomic models and proposes alternative modeling approaches.
Acknowledgements v
About the Author xi
Introduction xiii
PART I EXCHANGE RATE ECONOMICS
1(216)
Theoretical
1 Chaos in the Dornbusch Model of the Exchange Rate
3(30)
Paul De Grauwe
Hans Dewachter
2 Heterogeneity of Agents, Transactions Costs and the Exchange Rate
33(38)
Paul De Grauwe
Marianna Grimaldi
3 Exchange Rate Puzzles: A Tale of Switching Attractors
71(50)
Paul De Grauwe
Marianna Grimaldi
Empirical
119(2)
4 Exchange Rates in Search of Fundamentals: The Case of the Euro--Dollar Rate
121(38)
Paul De Grauwe
5 Exchange Rates and Fundamentals: A Non-Linear Relationship?
159(30)
Paul De Grauwe
Isabel Vansteenkiste
6 The Impact of FX Central Bank Intervention in a Noise Trading Framework
189(28)
Michel Beine
Paul De Grauwe
Marianna Grimaldi
PART II MONETARY INTEGRATION
217(138)
7 Conditions for Monetary Integration: A Geometric Interpretation
219(12)
Paul De Grauwe
8 Is Europe an Optimum Currency Area? Evidence from Regional Data
231(22)
Paul De Grauwe
Wim Vanhaverbeke
9 Setting Conversion Rates for the Third Stage of EMU
253(16)
Paul De Grauwe
Luigi Spaventa
10 The Euro and Financial Crises
269(4)
Paul De Grauwe
11 What Have We Learnt about Monetary Integration since the Maastricht Treaty?
273(24)
Paul De Grauwe
12 The Governance of a Fragile Eurozone
297(24)
Paul De Grauwe
13 Do Asymmetries Matter for European Monetary Policy?
321(34)
Yunus Aksoy
Paul De Grauwe
Hans Dewachter
PART III MACROECONOMICS AND MONETARY POLICY
355(202)
14 Is Inflation always and Everywhere a Monetary Phenomenon?
357(26)
Paul De Grauwe
Magdalena Polan
15 Monetary Policy and the Real Economy
383(32)
Paul De Grauwe
Claudia Costa Storti
16 Lessons from the Banking Crisis: A Return to Narrow Banking
415(12)
Paul De Grauwe
17 The Scientific Foundation of Dynamic Stochastic General Equilibrium (DSGE) Models
427(46)
Paul De Grauwe
18 Animal Spirits and Monetary Policy
473(48)
Paul De Grauwe
19 Booms and Busts in Economic Activity: A Behavioral Explanation
521(36)
Paul De Grauwe
Index 557