{"product_id":"equilibrium-exchange-rates-9789401058964","title":"Equilibrium Exchange Rates","description":"\u003cp\u003e • Author(s): Ronald MacDonald\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? \u003c\/li\u003e \u003cli\u003eWhat are the determinants and dynamics of equilibrium real exchange rates? \u003c\/li\u003e \u003cli\u003eHow can misalignments be measured, and what are their causes? \u003c\/li\u003e \u003cli\u003eWhat are the effects of specific policies upon the equilibrium exchange rate? \u003c\/li\u003e \u003c\/ul\u003e \u003cbr\u003e The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. \u003cbr\u003e This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.","brand":"Springer","offers":[{"title":"Paperback","offer_id":45283175202967,"sku":"9789401058964","price":11017.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9789401058964.webp?v=1769304282","url":"https:\/\/atlanticbooks.com\/products\/equilibrium-exchange-rates-9789401058964","provider":"Atlantic Books","version":"1.0","type":"link"}