Exchange Rate Determination and Control - 9780415111034

Taylor & Francis

This book investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations. > The experiences of the Exchange Rate Mechanism of the European Community have highlighted the difficulties of exchange rate control.\nExchange Rate Determination and Control investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations, drawing on the empirical evidence of the experiences of the G7 countries over the last two decades. > INTRODUCTION 1 ERM STABILITY, CAPITAL CONTROLS AND FOREIGN EXCHANGE MARKET INTERVENTION 2 THE EFFECTIVENESS OF CAPITAL CONTROLS: AN EMPIRICAL ANALYSIS OF THE ERM 3 EXCHANGE RATE DETERMINATION: MONETARY OR PORTFOLIO-BALANCE EFFECTS? 4 ON THE EFFECTIVENESS OF FOREIGN EXCHANGE MARKET INTERVENTION, CONCLUSIONS > Giorgio Radaelli, who has for many years worked in the City of London as a specialist on interest and exchange rate .