Exchange Rate Volatility, Trade and Capital Flows Under Alternative Exchange Rate Regimes
- List Price: $124.00
- Binding: Hardcover
- Publisher: Cambridge Univ Pr
- Publish date: 08/01/2000
Description:
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 behavior of exchange rates is consistent with a rational model. Does that volatility, further, hinder trade? Professors Sercu and Uppal examine these issues in the context of dynamic general equilibrium models, explicitly considering the role of financial markets while allowing for commodity markets to be segmented across countries.
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