AUTHOR Visser, Hans
TITLE A Guide to international monetary economics : exchange rate theories, systems and policies / Hans Visser.
EDITION 3rd ed.
Northhampton, MA
E. Elgar
PHYSICAL DESCRIPTION - xii, 259 p. : ill. ; 24 cm.
BIBLIOGRAPHY Includes bibliographical references (p. 221-249) and index.
ISBN 1843765950


Location Address Count Shelf Status
Bibliotēka 01.2 1 339.9 On a shelf Available to order


A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system.

Now in its third incarnation, this widely acclaimed and popular text has again been fully updated and revised by the author. There is a bewildering array of models to explain the volatility of exchange rates since the collapse of the Bretton Woods system in the early 1970s. It is therefore invaluable that Hans Visser is able to bring method to this 'model madness' by grouping the various theories according to the time period for which their explanation is relevant, and further subdividing them according to their assumptions as to price flexibility and international financial asset substitutability. This third edition emphasises recent developments such as the creation and expansion of the euro and the radical solution of dollarisation. The book is a concise treatment of this complex field and does not encumber the reader with a surfeit of potentially distracting institutional details.

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