Table of contents:
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: Equilibria? Interest parity and purchasing power
parity - which kind of equilibria?
Lecture IV: Divergence Process analysis of temporal exchange rate
equilibria
Lecture V: Stabilization Further results on process equilibria and
countervailing forces making for mean reversion
Lecture VI: Mere demand and supply Stabilization through bounded
interest rates and exchange rate theory "Without the
contrivance of macroeconomics"
Lecture VII: Non-neutrality I On the nature of money - or: The
story of Anacharsis the Scythian, Part I
Lecture VIII: Non-neutrality II The story of Anacharsis the
Scythian Part II
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
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.
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: Equilibria? Interest parity and purchasing power parity which kind of equilibria? Lecture IV: Divergence Process analysis of temporal exchange rate equilibria Lecture V: Stabilization Further results on process equilibria and countervailing forces making for mean reversion Lecture VI: Mere demand and supply Stabilization through bounded interest rates and exchange rate theory "Without the contrivance of macroeconomics" Lecture VII: Non neutrality I On the nature of money or: The story of Anacharsis the Scythian, Part I Lecture VIII: Non neutrality II The story of Anacharsis the Scythian Part II
