Exchange Rate Volatility, Trade, and Capital Flows Under Alternative Exchange Rate Regimes

by Raman Uppal and Piet Sercu

Book Overview

Recent years have seen a substantial increase in the volatility of exchange rates. This trend has prompted economists and finance analysts to question if the observed behaviour of exchange rates is consistent with a rational model. Does that volatility hinder trade? What are financial markets' effects on countries' investment decisions, and how would changes in fixed exchange rates affect growth and welfare? What are the requirements to make such...

• Format: Paperback
• Language: English
• ISBN: 052103423X
• ISBN13: 9780521034234
• Release Date: December 2006
• Publisher: Cambridge University Press
• Length: 176 Pages
• Weight: 0.59 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"