Currencies Capital Flows and Crises is popular PDF and ePub book, written by John T. Harvey in 2009-01-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Currencies Capital Flows and Crises can be Read Online from any device for your convenience.
Currencies Capital Flows and Crises Book PDF Summary
Breaking from conventional wisdom, this book provides an explanation of exchange rates based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements. John T. Harvey combines analyses rooted in the scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises. In the book, the traditional approach is reviewed and critiqued and the alternative is then built by studying the psychology of the market and balance of payments questions. The central model has at its core Keynes’ analysis of the macroeconomy and it assumes neither full employment nor balanced trade over the short or long run. Market participants’ mental model, which they use to forecast future exchange rate movements, is specified and integrated into the explanation. A separate but related discussion of currency crises shows that three distinct tension points emerge in booming economies, any one of which can break and signal the collapse. Each of the models is compared to post-Bretton Woods history and the reader is shown exactly how various shifts and adjustments on the graphs can explain the dollar’s ups and downs and the Mexican (1994) and Asian (1987) crises.
Detail Book of Currencies Capital Flows and Crises PDF
- Author : John T. Harvey
- Release : 13 January 2009
- Publisher : Routledge
- ISBN : 9781135969097
- Genre : Business & Economics
- Total Page : 197 pages
- Language : English
- PDF File Size : 13,7 Mb
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