Exchange Rates: Policies, Effects and Fluctuations


Editor: Natalie B. Perkins

Series: Economic Issues, Problems and Perspectives

In finance, the exchange rates between two currencies specifies how much one currency is worth in terms of the other. This new book presents topical research on the policies, effects and fluctuations of exchange rates. Topics discussed include the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Egypt and Turkey; the role of CEECs exchange rates in monetary policy rules; the competitiveness of exchange rate fluctuations in Middle Eastern countries; foreign exchange rate exposure of Chinese firms in the new exchange rate regime and exchange rate flexibility and real adjustments in emerging market economies.




A Comparative Analysis of Exchange Rate Fluctuations and Economic Activity: The Cases of Egypt and Turkey;pp. 1-24
(Magda Kandil, Nazire Nergiz Dincer, Western Hemisphere Department, International Monetary Fund, Washington, D.C., U.S.A., and others)

Exchange Rate Policy in Central and Eastern European Countries;pp. 25-46
(Michael Frömmel, Frederick Van Gysegem, Ghent University, Belgium)

Exchange Rate Fluctuations and Economic Activity: Competitiveness and Capacity Building in MENA Countries;pp. 47-73
(Magda Kandil, Ida Aghdas Mirzaie, International Monetary Fund, Washington D.C., and others)

Monetary Shocks and Exchange Rates in a Worldwide Economy Divided in North-South Areas: The Role of the Raw Materials Trade from the South to the North;pp. 75-97
(Juan Antonio Garcia-Cebro, Ramón Varela-Santamaria, University of A Coruña, Spain)

Foreign Exchange Rate Exposure of Chinese Firms in the New Exchange Rate Regime;pp. 99-113
(Aline Muller, Robin Luo, Alireza Tourani-Rad, HEC Management School, University of Liège, Belgium, and others)

Exchange-Rate Fluctuations and Monetary Policy Reaction: The Role of Asymmetric Information;pp. 115-129
(Marcelo Sanchez, European Central Bank, Frankfurt, Germany)

Nominal and Real Exchange Rate Fluctuations of Yen-Dollar Rates;pp. 131-145
(Shigeyuki Hamori, Faculty of Economics, Kobe University, Kobe, Japan)*

Exchange Rate Flexibility and Real Adjustments in Emerging Market Economies;pp. 147-166
(Jose Garcia Solanes, Universidad de Murcia, Departamento de Fundamentos del Analisis Economico, Spain)*

Index pp.167-175

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