1st Edition

Exchange Rate Determination and Control

By Giorgio Radaelli Copyright 1995
132 Pages
by Routledge

136 Pages
by Routledge

The experiences of the Exchange Rate Mechanism of the European Community have highlighted the difficulties of exchange rate control. Exchange Rate Determination and Control investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations, drawing on the empirical evidence of the experiences of the G7 countries over the last... Read more
INTRODUCTION 1 ERM STABILITY, CAPITAL CONTROLS AND FOREIGN EXCHANGE MARKET INTERVENTION 2 THE EFFECTIVENESS OF CAPITAL CONTROLS: AN EMPIRICAL ANALYSIS OF THE ERM 3 EXCHANGE RATE DETERMINATION: MONETARY OR PORTFOLIO-BALANCE EFFECTS? 4 ON THE EFFECTIVENESS OF FOREIGN EXCHANGE MARKET INTERVENTION, CONCLUSIONS

Biography

Giorgio Radaelli, who has for many years worked in the City of London as a specialist on interest and exchange rate forecasting, is currently Director and Senior Economist with Lehman Brothers.