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The Impact of Price Uncertainty: A Study of Brazilian Exchange Rate Policy

by Donald V. Coes
Save 35% Save 35%
Current price ₹10,376.00
Original price ₹15,963.00
Original price ₹15,963.00
Original price ₹15,963.00
(-35%)
₹10,376.00
Current price ₹10,376.00

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Book cover type: Hardcover
  • ISBN13: 9781138633629
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Taylor & Francis
  • Publisher Imprint: Routledge
  • Publication Date:
  • Pages: 284
  • Original Price: GBP 125.0
  • Language: English
  • Edition: N/A
  • Item Weight: 546 grams
  • BISAC Subject(s): Economic History

Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil's adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.

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