The Macroeconomic Theory of Exchange Rate Crises

Author:   Giovanni Piersanti (Professor of Economics, University of Teramo and University of Rome 'Tor Vergata')
Publisher:   Oxford University Press
ISBN:  

9780199653126


Pages:   408
Publication Date:   26 April 2012
Format:   Hardback
Availability:   To order   Availability explained
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The Macroeconomic Theory of Exchange Rate Crises


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Author:   Giovanni Piersanti (Professor of Economics, University of Teramo and University of Rome 'Tor Vergata')
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.30cm , Height: 2.90cm , Length: 24.10cm
Weight:   0.755kg
ISBN:  

9780199653126


ISBN 10:   0199653127
Pages:   408
Publication Date:   26 April 2012
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Preface Introduction Part I: The Monetary Model under Flexible Exchange Rates 1: The Basic Monetary Model of the Exchange Rate Part II: Fixed Exchange-Rate Regimes and Currency Crises 2: Crises and Policy Imbalances 3: Crises and Self-Fulfilling Expectations 4: Dynamics of Crises 5: Epilogue Mathematical Appendix Introduction A.1: Basic Properties of Ordinary Differential Equations A.2: Basic Properties of Ordinary Difference Equations A.3: Nonlinear Dynamics, Bifurcation and Chaos A.4: Dynamic Optimization A.5: Stochastic Equations

Reviews

Professor Piersanti's book on currency crises helps to put order into this literature to the uninitiated reader in currency crises and even helps those that follow the literature to keep track of the ever increasing contributions to the topic. In particular, this book is very useful for teaching a PhD course on financial crises. The expostion is clear and the accompanying mathematical models are well developed with all the assumptions clearly specified as is important for a textbook. The book examines the theoretical literature of currency crises in extreme detail so that the reader not only can learn about the bare bones of the original models but also the bells and whistles included in the follow-up research that brings the models closer to explain empirical regularities. -- ournal of Economic Literature


Author Information

Prior to joining the University of Teramo Giovanni Piersanti was Associate Professor of Economics at the University of Chieti. His research interests include economic theory and stabilization policy; monetary economics; growth theory; macroeconomic models of intertemporal optimization; macroeconometric models with rational expectations; and currency and financial crises.

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