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 An Alternative Theory of Long-Run Exchange Rate Determination. An Empirical Application
Наименование:

An Alternative Theory of Long-Run Exchange Rate Determination. An Empirical Application

автор Rania A. издательство Книга по Требованию Экономическая теория
Cтраниц 100        мягкая обложка       
Аннотация:A theoretically grounded, empirically robust explanation of real exchange rate movements is constructed that can be of practical use to researchers, but also, and equally importantly, to policymakers. According to this argument, the empirical finding of persistent trade imbalances is not the exception, but rather an anticipated outcome. The contention of this book, based on the theoretical underpinnings of absolute competitive advantage, is that movements of long-run exchange rate are determined by real unit costs of tradable goods. Conventional exchange rate models are based on the fundamental hypothesis that, in the long run, real exchange rates adjust in such a way as to make countries equally competitive, eliminating trade surpluses and deficits. When competitive absolute advantage replaces the, all too often embraced, principle of comparative advantage a framework emerges that stands in opposition to orthodox models.
Автор: Rania A.
Издательство: Книга по Требованию
Год:2009
Цена:
1980 руб
Нет в наличии
Поиск: An Alternative Theory of Long-Run Exchange Rate Determination. An Empirical Application
НОВЫЙ ГОД СИМВОЛ 2013 ГОДАУКРАШЕНИЯ
КАРНАВАЛ НА НОВЫЙ ГОД РАСПРОДАЖА
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Russia and the international economy

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