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This history of international monetary relations shows both how theoretical development affected private developments, and how the theories themselves have been judged - and often discarded - on the basis of their perceived accordance with actuality. Exchange rate movements in particular are
examined in the light of the absence of any generally accepted fundamental model, and the author deploys here his own theory based on the idea of bounded rationality. Finally, he looks ahead to future possibilities for the international monetary system.
New in the Second Edition
Fully revised and updated
Includes an account of the EMS up till the end of 1995
Fuller theoretical coverage of fixed exchange rate systems, including the modelling of speculative attacks
Covers chaos theory and near-rational behaviour
Includes new sections on: speculators and speculative bubbles; target zones and other proposals for international monetary reform; the importance of free capital mobility and proposals to control capital movements.
This history of international monetary relations shows both how theoretical development affected private developments, and how the theories themselves have been judged - and often discarded - on the basis of their perceived accordance with actuality. Exchange rate movements in particular are
examined in the light of the absence of any generally accepted fundamental model, and the author deploys here his own theory based on the idea of bounded rationality. Finally, he looks ahead to future possibilities for the international monetary system.
New in the Second Edition
Fully revised and updated
Includes an account of the EMS up till the end of 1995
Fuller theoretical coverage of fixed exchange rate systems, including the modelling of speculative attacks
Covers chaos theory and near-rational behaviour
Includes new sections on: speculators and speculative bubbles; target zones and other proposals for international monetary reform; the importance of free capital mobility and proposals to control capital movements.
| Erscheinungsjahr: | 1996 |
|---|---|
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Seiten: | 288 |
| ISBN-13: | 9780198775133 |
| ISBN-10: | 019877513X |
| Sprache: | Englisch |
| Ausstattung / Beilage: | Paperback |
| Einband: | Kartoniert / Broschiert |
| Autor: |
De Grauwe, Paul
Grauwe, Paul De |
| Auflage: | 2. Auflage |
| Hersteller: | OUP Oxford |
| Maße: | 234 x 156 x 16 mm |
| Von/Mit: | Paul De Grauwe (u. a.) |
| Erscheinungsdatum: | 24.10.1996 |
| Gewicht: | 0,442 kg |
| Erscheinungsjahr: | 1996 |
|---|---|
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Seiten: | 288 |
| ISBN-13: | 9780198775133 |
| ISBN-10: | 019877513X |
| Sprache: | Englisch |
| Ausstattung / Beilage: | Paperback |
| Einband: | Kartoniert / Broschiert |
| Autor: |
De Grauwe, Paul
Grauwe, Paul De |
| Auflage: | 2. Auflage |
| Hersteller: | OUP Oxford |
| Maße: | 234 x 156 x 16 mm |
| Von/Mit: | Paul De Grauwe (u. a.) |
| Erscheinungsdatum: | 24.10.1996 |
| Gewicht: | 0,442 kg |
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