The Impact of Price Uncertainty: A Study of Brazilian Exchange Rate Policy, 1st Edition (Paperback) book cover

The Impact of Price Uncertainty

A Study of Brazilian Exchange Rate Policy, 1st Edition

By Don Coes


280 pages

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Paperback: 9781138633636
pub: 2018-08-29
Hardback: 9781138633629
pub: 2017-04-13
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eBook (VitalSource) : 9781315207230
pub: 2017-04-21
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Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.

Table of Contents

Preface 1. Introduction 2. Exporting as a Decision Under Uncertainty: The Basic Model 3. The Potential Exporter Under Uncertainty: Extensions of the Basic Model 4. Measuring Changes in Uncertainty 5. Relative Price Incentives to Export: Brazilian Commercial and Exchange Policies and Their Effects 6. An Econometric Test of the Uncertainty Hypothesis 7. Conclusion: Some Observations on Price Uncertainty and Trade. Appendices

About the Series

Routledge Library Editions: Exchange Rate Economics

Reissuing works originally published between 1923 and 1997, this collection of books on exchange rate economics is a unique resource in international finance and economic history. Books in the set look at foreign exchange policy, currency and markets in a range of eras and contexts.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / General