THE THEORY AND EMPIRICS OF EXCHANGE RATES

THE THEORY AND EMPIRICS OF EXCHANGE RATES

CONTENTS


FRONT MATTER	i
Why Do We Study Exchange Rates? Imad A Moosa and Razzaque H Bhatti	1
Exchange Rate Determination in the Mundell–Fleming Model Imad A Moosa and Razzaque H Bhatti	26
The Flexible-Price Monetary Model of Exchange Rates Imad A Moosa and Razzaque H Bhatti	82
The Theory of the Balance of Payments Imad A Moosa and Razzaque H Bhatti	104
Exchange Rate Determination in the Dornbusch Model Imad A Moosa and Razzaque H Bhatti	149
Other Sticky-Price Monetary Models of Exchange Rates Imad A Moosa and Razzaque H Bhatti	186
The Monetary Model of Exchange Market Pressure Imad A Moosa and Razzaque H Bhatti	206
The Portfolio Balance Model of Exchange Rates Imad A Moosa and Razzaque H Bhatti	220
The Currency Substitution Model of Exchange Rates Imad A Moosa and Razzaque H Bhatti	260
The Microstructure Approach to Exchange Rates Imad A Moosa and Razzaque H Bhatti	292
The News Model of Exchange Rates Imad A Moosa and Razzaque H Bhatti	324
Empirical Evidence on the Macroeconomic Models of Exchange Rates Imad A Moosa and Razzaque H Bhatti	340
Empirical Evidence on the Microstructure Models of Exchange Rates Imad A Moosa and Razzaque H Bhatti	379
Concluding Thoughts and Remarks Imad A Moosa and Razzaque H Bhatti	422
BACK MATTER	443
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