Interest Rates, Exchange Rates and World Monetary Policy

Interest Rates, Exchange Rates and World Monetary Policy by John E. Floyd.

A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real exchange rates are almost entirely determined by real factors r...

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Bibliographic Details
Main Author: Floyd, John E. (Author)
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2010.
Edition:1st ed. 2010.
Series:Springer eBook Collection.
Subjects:
Macroeconomics.
International economics.
Econometrics.
Statistics .
Electronic resources (E-books)
Online Access:Click to view e-book
Holy Cross Note:Loaded electronically.
Electronic access restricted to members of the Holy Cross Community.
Table of Contents:
  • A Theoretical Framework
  • Specifications and Assumptions
  • Underlying Equilibrium Growth Paths
  • Variations in Employment
  • Some Important Implications
  • Exchange Rate Overshooting
  • Exchange Rate Determination
  • Issues Regarding Exchange Rate Determination
  • Time Series Properties of Observed Exchange Rate Movements
  • Efficient Markets and Exchange Rate Forecasts
  • The Role of Real Shocks in Determining Real Exchange Rates: The Evidence
  • The Role of Money Supply Shocks in Determining Real Exchange Rates: The Evidence
  • Further Evidence from a Blanchard-Quah VAR Analysis
  • Implications for Monetary Policy
  • The Model
  • Monetary Policy and Exchange Rates
  • Corroborating and Other Evidence
  • Conclusions and Suggestions for Future Work.

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