内容

目次

Volume 1: Part 1 Groundwork: the economics of exchange rates, Mark P.Taylor. Part 2 Exchange rate theory: dynamic equilibrium and the realexchange rate in a spatially separated world, Bernard Dumas; exchange ratedynamics redux, Maurice Obstfeld and Kenneth Rogoff; new directions forstochastic open economy models, Maurice Obstfeld and Kenneth Rogoff; the newopen economy macroeconomics -a survey, Philip R. Lane. Part 3 Empiricalexchange rate modelling and testing: long swings in the dollar - are they inthe data and do markets know it?, Charles Engel and James D. Hamilton; realexchange rates and real interest differentials - have we missed thebusiness-cycle relationship, Marianne Baxter; source of real exchange-ratefluctuations - how important are nominal shocks?, Richard Clarida and JordiGali; some empirical evidence on the effects of shocks to monetary policy onexchange rates, Martin Eichenbaum and Charles L. Evans; fixing exchange rates- a virtual quest for fundamentals, Robert P. Flood and Andrew K. Rose;cointegration and exchange rate dynamics, David H. Papell; nonlinearadjustment, long-run equilibrium and exchange rate fundamentals, Mark P.Taylor and David A. Peel. Part 4 Target zones: target zones and exchange ratedynamics, Paul R. Krugman; the linkage between speculative attack and targetzone models of exchange rates, Robert P. Flood and Peter M. Garber; exchangerate bands with price inertia, Marcus Miller and Paul Weller; target zonesand realignments, Guiseppe Bertola and Ricardo J. Caballero; how long dounilateral target zones last?, Bernard Dumas and Lars E.O. Svensson; thetarget zone model, non-linearity and mean revision - is the honeymoon reallyover?, Matteo Iannizzotto and Mark P. Taylor. Part 5 Currency crises: a modelof balance-of-payments crises, Paul Krugman; the logic of currency crises,Maurice Obstfeld; models of currency crises with self-fulfilling features,Maruice Obstfeld; are currency crises self-fulfilling? a test, OlivierJeanne; perspectives on the recent currency crisis literature, Robert Floodand Nancy Marion; moral hazard, asset price bubbles, capital flows and theEast Asian crisis - the first tests, Lucio Sarno and Mark P. Taylor. Volume2: Part 1 Foreign exchange market efficiency, interest rate parities and riskpremia: characterizing predictable components in excess returns on equity andforeign exchange markets, Geert Bekaert and Robert J. Hodrick; heterogeneousexpectations and tests of efficiency in the yen/dollar forward exchange ratemarket, Graham Elliott and Takatoshi Ito; understanding spot and forwardexchange rate regressions, Weike Hai et al; rethinking deviations fromuncovered interest parity - the role of covariance risk and noise, Nelson C.Mark and Yangru Wu. Part 2 Exchange rate predictability: nonparametricexchange rate prediction?, Francis X. Diebold and James M. Nason; thesignificance of technical trading-rule profits in the foreign exchange market- a bootstrap ap