by Jacob A. Frenkel, Harry G. Johnson (1978)
The studies deal with the determination of foreign exchange rates and the characteristics of the foreign exchange market. They extend frontiers in theory and test the implications against current and past data. Analysis is made of flexible exchange rates through a new approach the authors have developed, called the "asset-market approach." In a fresh departure from the bulk of economic literature, theory is combined with practical application in a clear, concise way that will be understood by readers with a basic understanding of economics. The first three chapters of the book present the doctrinal history leading to today's view of exchange rate deterioration, outline the authors' new approach, and integrate it with an anlaysis of macroeconomic policies. The remaining eight chapters examine in detail (theoretically and empirically) the various building blocks presented in the initial chapters.
Wensheng Peng, Chang Shu
"This is the first book to collect academic studies examining issues related to the potential internationalization of the remninbi. It considers polisy implications, documents the rising regional importance of the renminbi and discusses key issues in the increasing use of the renminbi in international trade and finance"--Provided by publisher.
Yangseon Kim, Chang Jae Lee
Proceedings from an international conference: Structural Reforms and Economic Development: Experience of the Trial and Errors of the Northeast Asia, held September 26, 2003. The conference compared, analysed, and discussed the trial and errors of Japan, China and Korea's reforms in the long-run developmental perspectives.
Catherine R. Schenk
Hong Kong SAR is now highly unusual as a large economy running a currency board system that pegs the Hong Kong Dollar to the US Dollar. This volume explores the origins and persistence of this system, presenting the viewpoint of several of the main protagonists in the operation of the currency board since 1983 as well as new research by academics.
Lawrence H. Officer
This book studies the dollar-sterling exchange rate from 1791 to 1931. Gold standards are examined from the perspective of the precise location of the exchange rate. Professor Officer begins with a historical perspective of the monetary standards of the United States and Britain, following which he develops new data on exchange rates, mint parity, and gold points. The book presents and examines new data on the exchange rate and related variables, and will serve as a dollar-sterling handbook for those interested in this important aspect of international monetary history. In its presentation of theories and results centred on the precise location of the exchange rate, the book breaks new ground in our understanding of the gold standard.