A Guide to International Monetary Economics: Exchange Rate Systems and Exchange Rate Theories

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A Guide to International Monetary Economics: Exchange Rate Systems and Exchange Rate Theories Overview

This text presents an overview of exchange rate systems and exchange rate theories, grouping the various theories according to the time period for which their explanation is relevant. The author explains which models are relevant to the various exchange rate systems available to policy makers. Particular attention is paid to dependent economy models and the text also looks at exchange rate policy, monetary unions and the Exchange Rate Mechanism of the European Monetary System.