Exchange Rates and International Finance Markets

Taylor & Francis

In 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. > 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 > 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: EquiI