1st Edition

Currencies, Capital Flows and Crises A post Keynesian analysis of exchange rate determination

By John T. Harvey Copyright 2009
176 Pages 51 B/W Illustrations
by Routledge

166 Pages 51 B/W Illustrations
by Routledge

192 Pages 51 B/W Illustrations
by Routledge

Breaking from conventional wisdom, this book provides an explanation of exchange rates based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements. John T. Harvey combines analyses rooted in the scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new... Read more

1. Introduction, 2. Neoclassical Approaches to Exchange Rate Determination, 3. Psychology and Decision Making in the Foreign Exchange Market, 4. Leakages, Injections, Exchange Rates, and Trade (Im)Balances, 5. Post Keynesian Exchange Rate Modeling, 6. Real-World Applications, 7. Problems and Policy, 8. Conclusions

Biography

John T. Harvey is Professor of Economics at Texas Christian University, USA.